New Honda Insight Poses Challenge for Toyota Prius
PHOENIX -- Oil prices are going up. As I sit here writing about Honda's new hybrid, the 2010 Insight, on the desk next to me is the front page of The New York Times declaring that major oil and gas projects now being delayed are setting the stage for "another surge in oil prices once the global economy recovers."
So a spike in the price of oil is really just a matter of time. For Honda right now, the price of oil is not so much an issue of time, but of timing.
That is, will pump prices go back up to the levels of last May/June that looked like they would make the launch of the gas-stingy 2010 Insight hybrid a smashing success?
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