Sunday, August 21, 2005

Increase in gas price fuels demand for hybrids

With gas prices continuing to climb alternative energy such as hybrid vehicles have become quite popular. Just a few years ago the hybrid vehicles were not selling well. However its a different story now that gas prices have skyrocketed in recent months. A year ago a gallon of gas was $1.79 now its around $2.60. Many dealers say they cant keep hybrids stocked long enough to meet consumer demand.
China has been part of the problem as their demand for oil has increased substantially therefore increasing the worlds demand for oil.
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