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It is not a demand problem that is spiking up prices. The speculators pushing up the prices. In fact there was a segment on ABC's evening news tonight showing how the amount of cars on the road have decreased. In California toll road revenue is down. Also OPEC announced last week that they had ample supply. All of the inventory records show increased supply. A lot of commodities experts are already calling this a bubble. Perhaps before we start pointing fingers at people's driving habits and trying to explain economics, we should watch a little business news or atleast look into the inventory reports. I am not going to give my Town Car up for a Yaris anytime soon.
By Alecia
