Toyota Prius Sales Soar As Price Of Gasoline Officially Reaches $4 Per Gallon
Toyota Prius sales have drastically risen as the price of gasoline officially reached $4 per gallon in the US. Car buyers are flocking towards high-mileage vehicles and because of Japan's earthquake and the subsequent disruption of hybrid production, prices have spiked accordingly.
According to Toyota spokesman Mike Michels, as gas prices climbed past $4 a gallon in 2008, the Prius was in such high demand that the amount of time they sat on dealers' lots was "measured in hours," rather than days. The demand for hybrids has resumed once again and dealers are scrambling to get their hands on as many hybrids as possible.