A couple companies have come out with hybrid cars that run on gas and electricity. The gas engine powers the car and also keeps a bank of batteries charged via an alternator. The cars, which are really pretty peppy and sporty, get around 70 miles to a gallon of gas. Problem is, nobody will buy them. One would have thought environmentally conscious folks all over America would be driving these new hybrid cars, but no.
Problem is, the price of fuel has far-reaching consequences that nobody really thinks about.
Sure, high-priced fuel puts a pinch on you wallet, but it goes way beyond that. First, every dollar spent on fuel is a dollar not spent somewhere else in the economy. That will have an effect on the economy that Alan Greenspan and his interest rate cuts can t touch. Fuel is not optional. You have to buy it.