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Experts Say There Are Benefits to Higher Gas Prices


POSTED: Monday, February 27, 2012 - 2:38pm

UPDATED: Monday, February 27, 2012 - 2:40pm

It may be hard to imagine, but there are benefits to higher gas prices.

The folks at Smart Money said if you're in the market for a bigger car, like an SUV, sticker prices should fall as gas prices rise.

Also, rising gas prices should prod American car-makers to keep vehicle prices down.

You may also begin to see gas card incentives in the tourism industry, as hotels and restaurant managers try to encourage more people to travel.

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