With the price of Oil at 1979 prices, adjusted for inflation, it a good time to understand how did we get here. Many oil experts agree that the weak demand...
This is an interesting outcome that was not predicted by economic community, but history indicates otherwise. One indicator to support this data is that the price drop in gas of 37% was not correlated against the drop I sales at gas stations of 25%. Another interesting fact is the EPA standard for emissions. Since 1980, the average vehicle gains between 20 to 21 miles per gallon. This is an impressive statistic since there are gains in engine efficiency. The real issue is that the consumer is looking for vehicles that are not focused on the EPA miles per gallon but other features such as size and horsepower.
Gary Kapanowski – Lean Six Sigma Master Black Belt – Excelsior
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