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Gasoline and Strange Bedfellows

Recently Obama got a question from an audience about the high price of gasoline. Obama, half-jokingly, suggested that if the questioner was driving a vehicle that got 8 miles per gallon, he should trade it in for something better.

This outraged the blogosphere, since it was interpreted as a "let them eat cake" wise-crack. But I thought his response was sensible and candid.

At this point the reader's eyes are starting to narrow because he suspects that a foot-and-pedal partisan such as me is rolling in schadenfreude over gasoline approaching $4 per gallon. Very well then, I admit that it is 70% of the reason why I agree with Obama's statement, above.

But let's discuss the remaining 30%. I'm old enough to remember when the average American drove an automobile, rather than a monster pickup truck or truck-based SUV. Is the nostalgia of old age playing tricks with my mind? I remember passenger cars doing pretty well; many drivers loved their cars. Only farmers drove pickup trucks, which were inexpensive and utilitarian. What happened?

Naturally I run after the Environmentalists and Big Government first. When the government imposed Corporate Average Fuel Economy (CAFE) requirements on car-makers, cars became neutered and uninteresting to many consumers. The unintended consequence was to chase these people into SUVs and pickup trucks.

Detroit was delighted. With its huge pension and health care overhead, Detroit can't make money on a $15,000, 4 cylinder, econobox. The break-even point is towards the higher end, which is the role filled by SUVs and monster pickup trucks, especially after they are adorned with every bell and whistle.

What really made this into a perfect storm of gasoline waste was that gasoline became quite cheap in the 1980s and 1990s. After all, the "energy crisis" of the 1970s was less about a physical shortage of oil than it was about American inflation and the decline of the dollar. When Volcker slew inflation in the early 1980s with high interest rates and a brutal recession, we embarked on a golden quarter-century of cheap gasoline. I was a newbie RVer in 1998, and once paid less than a dollar per gallon for gasoline. Yeee-hah! Furthermore, countries such as China, Brazil, and India were not yet consuming large quantities of petroleum. Throw in easy finance and you complete the transition from passenger cars to monster pickup trucks as the average family motor vehicle.

Unlike bicyclists and environmentalists, I don't think Americans should feel guilty about the Cheap Gasoline era, nor do I think that the litmus test of a progressive thinker is to "be more like Europe." I do think we should realize that the Cheap Oil Era is mostly in the past. But walk into your grocery store or dollar store parking lot and see if there are any fewer monster pickups than before, despite the customers having trouble making ends meet in several ways.


Comments

Anonymous said…
I don't know about "being more like Europe", but I do envy the transit systems there. I once paid $8/gallon to fuel my rental car. I had it for about three days and enjoyed the freedom of movement, but finding parking, unfamiliarity with road signs, despite international symbols, I was never so glad as to turn the car in and jump on a train. Better to spend on wine or beer than gasoline.

Tom in Orlando

As an aside, I was told that there is a special crew in Amsterdam that goes around fishing old bikes out of the canals. It's supposedly necessary, otherwise the canals would become so clogged as to be unnvavigable.
Maybe Obama will get his high-speed train boondoggle funding passed, so you will like traveling in the USA too. (Grin) Heck, I would ride them!
Anonymous said…
Our Governor turned down the $$Bucks$$ for the train in FL, so the money will just get spent in some other state. The naysayers think it's all waste and extravagance. They've never tried to get to Tampa on I-4 when one little fender bender shuts the whole system down. Despite the recession, it seems that traffic here only gets worse year after year. We could use us some hi speed, but no one seems to be interested in being a visionary, like Ike with the interstates.

Tom in Orlando
Tom, what fraction of the passenger miles could be carried by a train, even if it had 100% ridership 100% of the time? If it was something like 0.6%, you would never notice a change on I-4.

Why not spend that toy train money on a direct subsidy to people who don't drive or own cars?
Anonymous said…
You are undoubtedly right about the ridership. Unfortunately it's an entire infrastructure, allowing me to walk no more than a couple of blocks from the house, to enter the network of public transit that is missing. I do use my bike in our own neighborhood, including chasing small grocery purchases. Our local buses are equipped to haul a couple of bicycles, but they run too infrequently to be of any real use once every two hours just doesn't cut it.

Perhaps we could devise a GPS tracking system that could be installed on a bike and then we could get a Government check for every mile we ride, there could be different mileage rates subsidized by the stores we shop at...


Tom in Orlando