US auto sales have been strongly supported this year by the rather low gasoline prices as the global oil price has dropped to record low levels, and the main beneficiaries were the sales of larger, gas guzzling SUVs and pickup trucks.
But the owners and prospective consumers of such models might need to reconsider their strategy because the Organization of Petroleum Exporting Countries announced it has introduced a new strategy that could result in higher prices for 2016. In the US the national average has held steady for almost two weeks at $2.29 per gallon, but has since started to surge to $2.31 per gallon.
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