#GasPrices

Steven writes:

Hi, Sajeev. I have a dilemma that I need your advice on.

I’m in a rural area of Central Ohio and have a 2000 Ford Expedition Eddie Bauer, 5.4 V8, just shy of 144,000 miles, leather, 3rd row seat, air suspension, etc., etc.. We got it to tow our livestock trailer, but now with an ’05 Chevy Silverado 2500 Crew I no longer need it (daily driver into Columbus is a ’10 Subie Forester). It’s all paid for, so no pay off issues. It’s in pretty good shape, clean, loaded to the gills as most Eddie Bauer editions are. It has some electrical glitches that no one seems to be able to fix, so when it’s parked, all the time now, I have a battery cut off switch to save the battery. The engine did blow out a spark plug awhile back but the local dealer was able to helicoil the head and it’s held up.

TTAC Commentator gman37 writes:

Steve and Sajeev: I was hoping to pick your brain for a second regarding the used Prius market right now. Help a Hammer Time follower out! I own a 2010 base Prius (Model II), and I have been seeing listings at local dealerships for base model Prius’s (????) selling for 3-4K above new MSRP prices. For instance there is one with 15K on the clock selling for 27K, when new the MSRP was around 24K.

Why do consumers like CAFE? Well, the short answer is that a gas tax (which is infinitely superior from a pure policy perspective) hits them directly in the pocketbook, while CAFE forces automakers to absorb the cost increases before passing them along to consumers in the form of higher MSRPs. But underlying this fact is a larger issue that’s driving support of increased emissions regulation: gas is getting more expensive. As I pointed out in my recent editorial on the subject, for all the automakers’ whining about CAFE increases, it seems that energy prices are moving the market in the same direction anyway (the average family will spend $3,100 on gasoline this year).

According to a Consumer Federation of America study [ PDF], the steadily-rising price of energy has consumer’s even more concerned about gas prices and dependence on the volatile Middle East than they were during the height of the last fuel price shock in the Summer of 2008. As a result, support for a 60 MPG fuel economy standard doesn’t go below 49% (among Independents) even assuming a ten-year payback period, and earns the support of 63% of Democrats. And before you dismiss this support as hysteria, consider the underlying economics for a moment…

This video says it all.

Considering the Suburban so essentially captures the tenuous line between myth and reality in American life, it’s a pity we don’t have 75 years of sales data to put some hard numbers behind the nameplate’s 75 years of history. Luckily, our data does go back to 1995, when America’s whirlwind romance with the SUV was just beginning to get serious. Given that, as Paul points out in today’s history, Suburbans didn’t become popular as family haulers until sometime in the early eighties, it’s safe to assume that 1996-2004 represents the absolute high-water mark for the nameplate’s volume. And ye gods has that volume dropped off ever since.