Prius incentives here today, gone tomorrow if gasoline prices hit $4.00?
$5.00 per gallon fill ups on the coasts very likely
Well, it’s a good thing Americans are driving less these days. It’s a habit most Americans will probably have to exercise even more this summer, now that the Iran story is heating up and gasoline prices are pushing higher.
$4.00 per gallon gasoline this summer now seems inevitable.
Even before Iran, experts were already anticipating a $.60 increase in gasoline prices because of the summer gasoline blend switch, etc., but as the US and Europe increase their sanctions against Iran — with even India and China reducing imports — prices now seemed to destined to rise even higher. Even worse, with Iran threatening pre-emptive actions, gasoline prices could get much uglier, even if only temporarily.
Coincidentally, I caught a Toyota commercial this morning announcing financing deals on the Prius. I imagine there are probably some deals on other hybrid cars right now as well. However, if this Spring shapes up like last Spring — before the Japanese earthquake — hybrid supplies could start to dwindle. Unfortunately, limited supplies will also mean less incentives.
If you’re serious about making a hybrid purchase soon, it might be better to act sooner than rather than later. Based on recent history, making a hybrid purchase before gasoline prices spike could save hybrid buyers a lot of money.
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