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It's a pretty safe bet we'll hit those prices this summer. Heck, parts of California are already seeing $5 per gallon.The automakers knew this day was coming. Maybe that's why you won't find many of them freaking out over surging gas prices. Unlike the last time gas prices surged to record highs (in July 2008 the national average hit $4.11/gallon) the auto industry has far more fuel-efficient cars and trucks sitting in showrooms. Look at what has changed in the last 4 years. -- The avgerage fuel economy of the vehicles sold in January hit a record high at 23 miles per gallon. In July of 2008 the avgerage fuel economy was 21.3 MPG. -- The number of cars getting 40 MPG has soared in the last 4 years. Right now there are 17 models that deliver at least 40 MPG. Four years ago, there were far fewer models attaining that level of fuel efficiency.-- Fuel-efficient 4- and 6-cylinder engines are more available and are actually in demand. More than half of the Ford F-Series trucks sold last year left the lot with 6-cylinder engines; the most since 1985.Is there a point where gas becomes so expensive and so onerous that it forces a large chunk of would-be car and truck buyers to put off making a purchase? You bet.A new survey by CNW marketing research found 83% of those surveyed would postpone buying a new vehicle if gas hits $4.50 a gallon.If the average price of gas surges to $5.00 or $5.50, the real and psychological impact could be so great many buyers might stay on the sidelines.But for now, my gut says the automakers continue posting strong sales, even with prices at the pump moving higher. .
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