How have increases in oil effected the usage of cars in the past and also currently aswel?
Oil price rises in the 70’s led to Japanese smaller cars coming in for more demand. The public soon realized that not only were Japanese cars cheaper but also better made than similar sized American cars. As the price of oil decreased demand for SUV’s went up. However, by then the Japanese car industry had already impacted the US car industry in a big way and uptil recently (before the recession) held a big edge over the US car industry. Today, oil prices are not as high as they were just recently but the demand for environmental change has made people become more aware of fuel efficiency and also the introduction of hybrid cars.
