At What Gasoline Price Do Our Car Preferences Shift?
We’ve seen how a car affects family size. But what determines the car? Let’s take a look. Gasoline Prices and Car Purchases. On February 27, the day before the Iran War began, the average price of gas was $2.98. Yesterday’s average gas price was $3.718. As a result, just during the past week, we wound up spending an extra $1.65 billion (or so) at the pump. At a per gallon price of $5.526, California has the nation’s most expensive gasoline. Among the high-priced states shaded red, Colorado ($3.815) and New Mexico ($3.785) are the only ones with an average petrol price below $5.00 ….[READ]
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