> increase in used EV sales prices and gas guzzler repo rates over the last 90-120 days.

Obligatory:

https://m.youtube.com/watch?v=F04MXepYiBs&ra=m

Go out on the interstate, or even the parkways and byways of your city. Fuel may be more expensive than it has ever been, but it still isn’t expensive enough to change behavior. You can see it with your own eyes.

Gas Prices and Consumer Behavior in the United States - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6703058 - May 3rd, 2026

> This paper looks at how changes in gasoline prices affect consumer behavior in the United States. Using data from the U.S. Energy Information Administration from 2020 to 2023, this study applies economic concepts like supply and demand, price elasticity, and consumer choice. The results show that even when gas prices increase, people still continue to buy gasoline in the short run because they depend on it. However, over time, consumers begin to adjust their behavior by changing how much they drive or switching to more fuel-efficient options. Overall, this paper shows how basic economic concepts can help explain real-life decisions and how people respond to rising costs.

From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending - https://apnews.com/article/iran-war-consumer-economy-retaile... - June 7th, 2026

Goldman Sachs Sees Oil Demand Destruction Offsetting Supply Shock Risks - https://oilprice.com/Latest-Energy-News/World-News/Goldman-S... - June 1st, 2026

Americans Rethink Driving as Fuel Costs Keep Climbing - https://oilprice.com/Energy/Energy-General/Americans-Rethink... - May 20th, 2026

> Record-high U.S. gasoline prices are changing consumer behavior, with more Americans using public transit, cutting driving, and reducing household spending.

> “If the Strait doesn't re-open soon, I believe we could see the national average price of gasoline reaching $5/gal as early as sometime in June,” GasBuddy’s De Haan said last week.

> Respondents in an ABC News/Washington Post/Ipsos poll at the end of April said they are changing their behaviors because of higher gas prices.

> Over 4 in 10, or 44%, have cut back on driving, while 42% have cut other household expenses because of high gas prices. Fewer, 34%, say they have changed travel or vacation plans, while 15% have considered buying an electric vehicle, the poll showed.

“In god we trust, all others must bring data.” —- Deming