For the first four months of this year, truck and SUV sales are down a collective 24.8 percent. SUV sales plummeted 32.8 percent while pickups dipped 19.9 percent, he says.
“If gas prices stay where they are at or continue to rise, the body-on frame SUV is an endangered species and the pickup truck as a personal car is an endangered species,” Brown says.
The price of oil is never going to go down unless China or India undergo a major economic collapse — one that would probably take us down as well. We need oil to stay expensive so that the free market will conserve and find other ways of powering our magnificent civilization. And with demand rising and most factors (other than the US) at maximum capacity, oil is going to stay high.