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American drivers are doing something we have not done in the last FIFTY SEVEN years except for seven other times – consume less fuel. When we are talking about a decrease in fuel consumption it is in the range of half a percentage point. That may not sound like much, but it would be the first time since 1991 that there’s been a decline in annual fuel consumption. And it would be only the eighth year since 1951 in which demand for fuel has declined. It is clear and obvious that the perfect storm of deflation, including the bursting bubbles in housing, etc and the rise in fuel prices due to an increase in foreign consumption has gotten the attention of the average American driver. “Sustained higher fuel prices are beginning to show up in lower fuel consumption,” said Tancred Lidderdale, an analyst for the Energy Information Administration.Both fuel and diesel prices are now at record levels. Although higher fuel prices were expected to have an effect on demand, it wasn’t clear just how high they would have to go to do so. Many market watchers believed prices would have to stay above $3 per gallon for several months or even a year. That tipping point for fuel demand may have arrived. Verne Covell of Smithville counts himself as one who’s had enough. Now retired, Covell bought a pickup and travel trailer when he retired in 2000. Long trips with his wife to places like Canada were common. This year, however, there will be at most a trip to south Missouri. The trailer may even stay in storage for the entire year because of fuel prices.“We’re getting on and you don’t know how long you have,” he said. “But this year we decided it just got too expensive.” Mainly because of the December drop, the Federal Highway Administration said it was estimating that miles traveled for all of 2007 were down 0.4 percent. There is already a shift in demand from fuel guzzline SUVs towards higher MPG vehicles. The government is soon to release new fuel efficiency standards with a minimum requirement of 35 MPG by 2020. At the present time, newly manufactured vehicles in America are required to maintain at least a 27.5 MPG average and SUVs, trucks and vans are required to measure up to a 22.5 MPG minimum average. Democrats have said the new fuel economy requirements will save motorists $700 to $1,000 a year in fuel costs. Meanwhile, other drivers are turning to public transportation. The increase in the use nationwide of busses,etc last year was 4% and this year it is already 9%. A decline in fuel demand could help give some relief from high prices. Although prices are surging as the traditional summer driving season approaches, some market followers expect prices to ease back later this summer. So all of this zeroes in on one fundamental question. Will people have to all start driving Subarus, bicycles and taking the bus or be forced to stay at home because of soaring fuel prices or is there some other solution? There sure is and it is called Water4Gas
Article Source: http://www.rightarticle.com
Consumer advocate, songwriter, entrepreneur and activist, GARKO, advises that presently you cannot buy a car that runs on water but that the ones coming on the market in the next five years are planning to charge too much for the conversion. But he can show you how to use water instead of gasoline which is the best engine modification to save gas For a list of current fuel prices in your neighborhood email garko@startlingdiscoveries.info
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