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Unless something major- like a war- happens, you will never see $7. Not in my lifetime, not in yours!
The aformentioned may be a true statement only if KevK’s & John1960’s lifetime are limited to the next few years. Otherwise, KevK is living in complete denial of inflation, higher taxes, and peak oil production.
Unless something major- like a war- happens, you will never see $7. Not in my lifetime, not in yours!
We might see it, but it will be extremely short-lived. Demand destruction will occur immediately as the result of the following:
Alternative energy would become much more competitive
Consumers and businesses would cut way back on transport
Gas engine cars would become much more fuel efficient
Demand destruction would result in the price going down. $7 gasoline cannot be sustained for long period of time. Even at $3.50, gasoline is too expensive to be the dominant transport fuel for the long-term.
Gas in Europe is more than double what US is and they are surviving..not fine though but they have adjusted. The high price of gas drove innovation in cars there and they do get more mpg than US cars. We can probably sustain $7/gal if we can drive those 65mpg Ford cars.
Gas in Europe is more than double what US is and they are surviving..not fine though but they have adjusted. The high price of gas drove innovation in cars there and they do get more mpg than US cars. We can probably sustain $7/gal if we can drive those 65mpg Ford cars.
Cars like this are the answer to our problem. The American people should step up and show the big 3 there IS demand in the US for such vehicles. Not every American wants a gas guzzling SUV!
Gas in Europe is more than double what US is and they are surviving..not fine though but they have adjusted. The high price of gas drove innovation in cars there and they do get more mpg than US cars. We can probably sustain $7/gal if we can drive those 65mpg Ford cars.
The higher prices in Europe are due almost entirely to taxes. If gas were $7 here, it'd be nearly twice as much in Europe, which would not be sustainable.
This article is a perfect example of what's wrong with the government. I would suggest that all taxes be removed from gasoline and diesel and that it be subject to the same sales taxes that other goods are subject to. Drivers should pay for access to the roads based on the distance they drive (toll roads), weight of car and the nature of driving (which could be assessed at time of registration).
The aformentioned may be a true statement only if KevK’s & John1960’s lifetime are limited to the next few years. Otherwise, KevK is living in complete denial of inflation, higher taxes, and peak oil production.
*slow clap*
lol yes!
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