September sales of SUVs were down sharply from last year. “Sales of F-Series pickup trucks plunged 30 percent. Sales of Ford’s large SUVs, including the Ford Explorer and Expedition and the Lincoln Navigator, sank by more than 55 percent each. At GM, overall sales of trucks, minivans and SUVs dropped 30 percent.” Most blame the $1/gal difference in gas prices from a year ago, but auto execs blame poor inventory after summer sales. Perhaps everyone went to the movies instead of car shopping.
Suroweicki on gas prices and Katrina: “Americans are happy with the free market when it allows them to buy cheap T-shirts and twenty-nine-dollar DVD players, but they tend to like it less when they have to pay fifty dollars to fill up their gas tanks.”
A table of gas prices from around the world. A gallon of gas in Amsterdam is $6.48 while it’s only $0.12 in Venezuela. It’s always so weird to see these types of lists where the US has more in common with Third World and non-democratic countries than with Europe, Japan, etc. (via rw)