If Chrysler’s Gas Gambit Works, U.S. Pump Prices Will Rise Even Faster, Putting $5-$6 a Gallon in Sight in 2009
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Submitted by EnergyTechStocks.com
Chrysler Corp. plans to offer most of its car buyers a special credit card which, when used to buy gasoline, will guarantee that they pay no more than $2.99 a gallon for three years, with the automaker picking up the difference. It’s an enticing offer, and by next summer it may well have been copied by other automakers and, quite possibly, all kinds of other retailers desperate to drive sales during hard economic times. If many millions of Americans start carrying discount gas credit cards, the already rapid rise in U.S. pump prices will accelerate, exposing America to $5 to $6 gallon in 2009, and, paradoxically, possibly causing sales of gas-guzzling SUVs to rebound.
