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Old 03-07-2008, 08:07 PM
ChicagoHCHII ChicagoHCHII is offline
Active Enthusiast
 
Hybrids: Honda Civic Gen 2
Posts: 92
Default Re: Oil hits new all time high

Quote:
Originally Posted by Volkov View Post
You guys are thinking of this the wrong way. The more expensive gas gets, the more money you are saving and arguably, the smarter you are for having bought your hybrid. You should be celebrating its climb. On a serious note, if conservation is part of your ownership choice then very high gas prices are great. Being hit hard in the wallet is the only thing that will make most North Americans actually try to use less of it. That in the end is good for the environment. We didn't buy yet, but are just about to sign for a 08 HiHY pending some financial details. Decision makes more sense every day.
Post-ante purchase though more expensive gas = more out of pocket expense. While the ROI on our hybrid purchase may make more sense, once you own the hybrid its a sunk cost.

I still prefer cheaper to more expensive gasoline as I'd rather my hybrid choice have a lower ROI but me have a higher net worth at the end of the day than vice-versa
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