Why the Price of Gas Is Too Low

stevegoesgreen

2014 Ford Fusion Energi sedan is Ford's newest plug-in hybrid; it has an EPA-estimated range of 620 miles when starting with a full tank of gas and fully charged battery. Ford Fusion Energi

Everybody wants to save money. I hate paying a lot for gasoline, too. But, regular is just over $3 a gallon in California now, and I heard on the radio yesterday that somewhere in the continental U.S. it was below $2 a gallon. Hooray!

But wait a minute. The lower fuel prices go, the more people go out and buy large, gas-guzzling cars. Price is a big factor in those purchases, and the supply of Toyota Priuses piles up in the dealer lots.

Hybrid versions of cars that are also sold as gas models cost more. The idea is to save money, and they do–eventually. The real reason, though, to buy a hybrid, electric, or small, highly efficient vehicle is to save the planet!

Some folks do make that choice. I can think of three sets of them now. My neighbors traded in a thirsty, but beautifully…

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