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The auto industry sits better prepared for $5 per gallon gas prices than last go around, ...

  • Tuesday, February 21, 2012, 11:16 AM ET
    The auto industry sits better prepared for $5 per gallon gas prices than last go around,  with 17 models now out that deliver at least 40 MPG - compared to just a few 4 years ago. CNBC's Phil LeBeau forecasts that automakers will continue pounding out strong sales, unless prices at the pump hit a critical mass that creates a psychological impact too great to overcome.
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    The automakers will continue to pound out sales at $5.00-a-gallon. Then at $10.00-a-gallon bicyclemakers will pound out sales. At $15.00-a-gallon horsebreeders will pound out sales. All part of the plan for our clean-green-sustainable future during Malaise II.
    21 Feb 2012, 11:20 AM Reply Like
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