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Take a look at the big gas guzzlers, and compare them against say a Geo Metro. The sticker price on the entry level guzzler would have been at least 2x more than theMmetro was. However the metro didn't come with all the great niceities and features that an Escape has (and that's one of the lower guzzling SUV's), and thus the only people who would buy a Metro are the people who are looking for the cheapest car.
It's the auto industry which has upsold inefficiency. Up until the Smart car, there's been no high end efficient car in North America which was made to help drive demand towards efficiency. The efficient cars were pushed into the corner and forgotten. The more people wanted to keep up with the Jones, the more people had to sacrifice to efficiency, not just sticker price.
They have a quote from Ford's CEO saying that the era of cheap gas is over. Well, what's Ford doing? When they have a comfortable car which gets at least 40mpg and one can get all the seat-warming-demand-driving options, I'll believe that they actually care. Until then, Ford is duckspeaking.
When the late 80's brought falling oil prices, people went back to their old habits. They were encouraged by an auto industry which sold size and weight (with its attendant thirst for fuel) as prestige.