Barack Obama Comments on Cheap Gas

The U.S. President had something to say on the wave of inexpensive gasoline sweeping the country.

“I would strongly advise American consumers to continue to think about how you save money at the pump because it is good for the environment, it’s good for family pocketbooks and if you go back to old habits and suddenly gas is back at $3.50, you are going to not be real happy,”

His comments that cheap gas will not last came before a visit to at an idled Ford plant in Wayne, Mich.

The quotes came in an exclusive interview by The Detroit News.

As many know also, inexpensive gasoline has been blamed (or is that credited?) with decrease in consumer interest for alternative energy vehicles.

And while that may be so, others have noted that being finite, petrochemicals do also have many other more-vaulable uses than to be burned up irretrievably.

It’s been noted also Americans tend to make relatively long-term buying decisions based on short-term or near term news and facts. That is, a car that might last 7-12 years more or less is being bought based on what it costs now to fill it.

This is the case even though gas had been generally trending higher – and geopolitical pricing instability between U.S. and Middle East interests is believed to be at least in part underlying the presently cheap gas.

Maybe it’s not unlike knowing that the forecast calls for rain but leaving the umbrella at home just because the sun peeks out for a moment when you look out the window in the morning?

Or, you can pick your analogy, or add your own commentary …

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