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People may cut down by buying more efficient cars. No more gas chugging Suburbans and only Priuses. So ther isn't really a "set" price before people hand gasoline cars their fate.
Filling up in Minneapolis MN today, gas went from 3.39 a week ago to 3.69 today. Guess a holiday is nearing, oh it's July 4th. Probably will be 3.89-3.99 by then.
I just read last weekend that they are now pumping 1 million+ barrels daily of crude oil in North Dakota. One article mentioned that we only import about 15% oil from the OPEC nations and the rest comes from the US, Canada and Mexico. If that is the case then why are they blaming the price increases on what's happening overseas. We have enough to for our supply and demand without any increases. Oh I forgot, politics.
I dont believe rising gas prices will affect traffic for the long run. if all of a sudden gas prices went up to 6 a gallon, cars will be off the road but people still need to go to work, so they might sell their midsize car and get a compact car.
heck, for me, I might buy a stick shift 90's honda civic for 1500 and get 40+ mpg combined if gas prices went to 4.50 a gallon here (4.05 now). I would like to have a midsize car for better safety, and a automatic because the other family member in the house cant drive stick, but in the end i have to survive. I used to average 43 mpg on a compact car thats stick shift, and I have driven a honda accord automatic as my last car, and i got 21 mpg overall. the miles per gallon is double, so in other words, if gas was 5 a gallon im really paying 2.50 if i drove the smaller car.
Filling up in Minneapolis MN today, gas went from 3.39 a week ago to 3.69 today. Guess a holiday is nearing, oh it's July 4th. Probably will be 3.89-3.99 by then.
I just read last weekend that they are now pumping 1 million+ barrels daily of crude oil in North Dakota. One article mentioned that we only import about 15% oil from the OPEC nations and the rest comes from the US, Canada and Mexico. If that is the case then why are they blaming the price increases on what's happening overseas. We have enough to for our supply and demand without any increases. Oh I forgot, politics.
Not politics, economics. The USA is now a net exporter of gasoline. You are just paying world market prices. If somebody in China is willing to pay more for gas than you are, you are out of luck.
Only time I think we'll see less cars on the road due to a liquid fuel crisis is when the actual gas stations are out of fuel for long lengths of time.
Prices may rise and fall, but as long as people need to get wherever, they'll pay for it no matter how much they scream on the inside.
As for me, not to boast, but I save my pickup truck for out of town journeys and ride my bike most places under 20 miles.
It's about 3.50 for the regular stuff over here where I'm at.
I dont believe rising gas prices will affect traffic for the long run. if all of a sudden gas prices went up to 6 a gallon, cars will be off the road but people still need to go to work, so they might sell their midsize car and get a compact car.
In the short term, most people don't have a choice about driving to work. But, that's not true for everybody. There are a great many people who could choose to take transit or car pool or work from home if gas gets too expensive. In the long run, there may be a considerable number of people who would switch jobs or switch living places to make a shorter commute if the cost of driving gets high.
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