Monday, December 8, 2008

Prius prices are coming down

...because gasoline prices are coming down. From my former colleagues at the Department of Justice:
The median effect of a one dollar increase in the gasoline price per gallon is a reduction in the manufacturer price of $171. The calculation varies greatly across vehicles--for example, the effects range from a reduction of $1,506 for the 2005 GM Montana SV6 to a rise of $998 for the 2006 Toyota Prius.

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