That, friends and neighbors, is cheaper than the national average for a gallon of gas.
Which, by the way, is no different than conditions in October of ’08 when this news clip aired on CBS.
And the guy in the video is right. Right now is not the time for GM, or any auto manufacturer to be strapped for cash, which is why they are begging for more stimulation.
They need the money to retool.
So the real problem is that GM is making cars that no one wants to buy because a) the cars use too much gasoline, b) customers can’t be certain they will have a reliable supply of spare parts, and c) everyone is waiting for American car companies to make hybrids or battery-powered cars.
And they can’t make these new cars until they retool.
It’s a vicious circle.
So everyone go out right now and buy a Buick, OK?
And I’ll go out and buy some shares of GM stock at bargain basement prices. Heck, at these prices GM is worth more as a source of scrap metal.