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by macintux 85 days ago
Last time gas spiked above $4/gallon nationally people were trading in their huge gas guzzlers at an extreme loss (because no one else wanted them either). I read an article about someone who was contemplating losing $30k on their trade-in instead of continuing to pay high gas prices.

(I don't know what my point is, just that people have short memories, and are generally speaking not rational about purchases, or money in general.)