Will drivers go back to guzzling gasoline?
Experts say no because most drivers assume the dip in prices will be short-lived, and motorists have adjusted their habits accordingly.
"We've been through almost eight years of continuously rising gasoline prices," AAA spokesman Geoff Sundstrom said. "Any notion that this is a temporary thing has pretty well been erased."
New technologies are emerging fast, with electric cars expected to hit the market in a of couple years. But the question is no longer when gas prices will fall, but when will the next spike come?
"Everywhere you go, be it the store, the diner, whatever, you hear people talking about their gas costs and how they need to cut back, said David Robinson, 67, while a friend filled up in Lakewood, N.J. "You still hear it, even though gas keeps dropping."
Even automakers that have long relied on big trucks for profits are moving in a new direction.
Ford Motor Co. is changing from a truck to a car company in North America. General Motors Corp. is closing four factories that make pickup trucks and sport utility vehicles. It will also open a new plant to make four-cylinder engines for the Chevrolet Volt electric car and Chevrolet Cruze compact.
By July, regular unleaded gasoline set a record national average of $4.11 a gallon.
The slackening demand for fuel is backed up by industry analysts, who say there has not been such a drastic shift in driving behavior in decades. Demand for gasoline dropped 6 percent over a couple months.
"For most of this decade, we've seen uncertainty manifest itself in the oil markets in terms of supply," said Tom Kloza, publisher and chief oil analyst at the Oil Price Information Service in Wall, N.J. "This is probably the most depressive period" consumers have seen in a generation.
Gas prices fell again Friday to a national average of $3.35.
Prices dipped below $3 a gallon on average in Kansas, Missouri and Oklahoma. If crude keeps falling, the rest of the country should see gasoline selling for less than $3 in the next few weeks or sooner, experts say.
In the Denver suburb of Wheat Ridge, Clarke Soule paid $3.31 a gallon to fill his Lincoln Navigator. The self-described ultra-conservative blames the high prices on drilling bans on the outer continental shelf and in Alaska's Arctic National Wildlife Refuge.
"I worked 47 years for AT&T, and when I want to buy something, I buy it," said Soule, 65.
Recent comments
heedless - not taking heed : inconsiderate , thoughtless
How…Bryan in VA | Oct. 12, 2008 at 5:40 a.m.
Before gas prices skyrocketed I had no idea there were significant…
heewah | Oct. 11, 2008 at 10:09 p.m.
Do you know why gas prices dropped? Supply and demand and the demand…
Price drop? | Oct. 11, 2008 at 7:51 p.m.
