I think perhaps you ask the wrong question. It is not what WE will do when the gas in our cars costs too much. It is what will happen to the economy. Everyting that is manufactured or grown anywhere in the US or the world, is shipped elsewhere for processing, packaging, distribution or retail sale. Transportation costs are running through the roof as we speak, and will be reflected in the prices of everything we buy, see, eat, or consume in any way for a long time to come.
The economy was already in sorry shape from trade imbalance, a weak dollar, a very expensive war, and a self inflicted credit crisis. I fear that even if we could fix all of those things, that the fuel prices will simply create an inflation spiral that we will are prepared to control.
The economy was already in sorry shape from trade imbalance, a weak dollar, a very expensive war, and a self inflicted credit crisis. I fear that even if we could fix all of those things, that the fuel prices will simply create an inflation spiral that we will are prepared to control.