Gas Prices Still Falling: Are You Rethinking SUVs, Trucks?

Today, the national average price of gasoline is $3.88 a gallon. Prices have fallen 22 cents in a month. This recent drop is almost as drastic as the previous spike during the early summer driving season, which sent truck and SUVs into a death spiral of sales that has had a massive impact on the automotive industry.

It’s not a precise explanation for the prices falling this far before Labor Day, but reports that Americans are driving less — meaning less demand for gas — could be the main cause. Don’t celebrate yet; prices are still a dollar higher than last year at this time.

What does the lower price of gas mean to consumers? Will people return to SUVs and trucks, or has the summer spike really changed the way people think of transportation? Let us know what you think in the comments below.