Despite strong populist leanings, I do think gas should cost more in the US for purely environmental reasons, even if it is a bit regressive. And in terms of peak oil, a gradual, controlled rise in fuel prices via taxes starting 30 years ago would have put us in a much better place to deal with rising prices due to depletion. But that's a lost opportunity at this point. Score one for Europe.
I make near poverty wages, but I figure that doubling the price of gas from $4/gal to $8/gal would represent <$50 in additional monthly expenses, at /least in terms of personal transportation, assuming no change in driving habits. Not a big deal. Insurance, maintenance, and replacement costs of my truck and bike take a lot more out of my bank account than gasoline.
I'd be more worried about rises in the price of consumer goods (especially food) due to high fuel costs, not to mention other economic problems (the oft-cited relationship between oil prices and recession, for example). I wonder if the authors took that into consideration.
Might be moot anyway, not so sure we'll have much control over fuel prices for the foreseeable future. Best just hold on and enjoy the ride.
A garden will make your rations go further.
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