Americans Start to Curb Their Thirst for Gasoline Article

Americans Start to Curb Their Thirst for Gasoline - Article Example just about consumers can alike maintain the consumption subject to believe that the termss will stabilize in a short while. Some consumers can resort to other energy sources like wind energy and geothermal energy sources.The car industry is engaging in technologically innovative ways of providing an alternative to gasoline consumption. The industry is producing hybrid twelvemonth of vehicle, which can survive on rechargeable battery energy. The petition for gasoline has non rock-bottom by a great margin given that there is a shift in the demand for gasoline. According to Campoy motor vehicles are considerably cheap and fuel efficient thus people could not stop buying cheap vehicle because of increase in gasoline values (27). Most of the working class people drive to work .In this regard, they could not avoid work altogether due to gasoline price hike. The demand increase for vehicles during this period of ga soline increase culminated in a considerable increase in the demand for gasoline. This is because gasoline and motor vehicle are complementary goods, which have a positive price correlation. This is the reason for the shift in the demand for gasoline. This explains how the Americans have managed to solve the hike in prices of