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What should I do, I am so confused?
Our family drives a Lincoln Navigator, yes I know a gas guzzler, but we live in the country in texas, so I bought the vehicle due to living down a country gravel road ( a car gets pretty banged up drving down a gravel road) and when we go shopping we have to bulk buy so much, my husband and I have been aruging about selling the vehicle and just buying a station wagon a 98- 2002 to help out on gas, or should we hold on to our vehicle til gas prices come down? He seems to think just like in the seventies gas prices went sky high then in the 90's came back down. What would you do? How much longer do you think gas will stay this high? Or do you think this is the price we will be paying? Thank you so much for advice, I just need to hear others thoughs on this. Blessings
3 Answers
- cimraLv 71 decade agoFavorite Answer
The gas price in the 70's was high because of the OPEC embargo, the price is high now because of a true supply / demand picture. No new discoveries are being made and the demand is rising, so don't expect prices to come down. (in fact expect them to increase) Did you notice last week with the US stock market tanking the Asian and European exchanges were going up? So any drop in demand in US will be more than offset by increased demand overseas.
- 1 decade ago
If your biggest concern is Car Mileage, than you need to change your vehicle. Gas prices may come down in future but will never go to old numbers.
Secondly, why do you want to wait for the low prices and pay the price right now.You are not going to loose switching to another vehicle, since you will save right now and than you will always have a choice to get the Navigator if Magic happens, as you husband is hoping for.
Whereas by keeping the Navigator, and wait for the right times, you are loosing your hard earned money right now.
Best of Luck...
- Anonymous1 decade ago
Sell it and buy a small SUV and as for the gas prices coming down, don't hold your breathe.
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