Friday, June 04, 2004

Undeterred, We Pump and Go

I just read in this Business Week interview with an oil services analyst, Gas Prices: High -- and Staying There, the following jaw-dropper:

Q: It doesn't seem like higher gasoline prices are having much of an impact on demand so far.
A: Most economists believe prices have to get to $2.50 or $2.80 a gallon to really have an impact on consumer behavior.

Um, hello America...gasoline can be conserved through limiting our consumption of it. Sometimes I feel like the world sees us as Mr. Creosote. And we deserve it. Yeah, I'm guilty too. (CNN provided this image of the character.)

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