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Toyota Prius sales have drastically risen as the price of gasoline officially reached $4 per gallon in the US. Car buyers are flocking towards high-mileage vehicles and because of Japan’s earthquake and the subsequent disruption of hybrid production, prices have spiked accordingly.
According to Toyota spokesman Mike Michels, as gas prices climbed past $4 a gallon in 2008, the Prius was in such high demand that the amount of time they sat on dealers’ lots was “measured in hours,” rather than days. The demand for hybrids has resumed once again and dealers are scrambling to get their hands on as many hybrids as possible.
[Source: Toyota In The News]
There’s a good chance that wherever you live, it’s been $4 a gallon-plus for some time now, but according to the newest Lundberg Survey, the national average for a gallon of gas has hit the magically awful $4 a gallon mark. Gas hasn’t been this expensive since the summer of 2008.
The latest numbers show that the cheapest gas found in any major metro area is in Tucson at just $3.62 per gallon. The most expensive? that would be Chicago, where the price is around $4.50 a gallon and has been over the $4 mark since April.
And there is likely more bad news coming for commuters, with the Memorial Day long weekend, the start of the summer driving rush, still three weeks away.
Just a year ago, gas averaged out at $2,80.
If gas hits $4.00 a gallon, which looks to happen soon, Ford is prepared with the right cars says CEO Alan Mulally.
The automaker has put into place a new global plan with strong offerings in the compact and sub-compact set, while also proliferating the use of fuel-efficient technologies (ranging from direct-injection, to turbocharging, to both) in its models.
Mulally admits that that plan was more for long-term success and that he didn’t see a spike in the price of fuel to occur so soon after the 2008 jump. Regardless, Ford is “positioned with the right product line now.”
Expect more from Ford in the fuel-economy race, with past comments from execs indicating that EcoBoost (turbocharging and direct-injection) will become the core powertrain for the Blue Oval in the future.
[Source: The Detroit News]