I think people will pay over $10 a gallon for gas. Obviously there will be many less cars on the road, but $10 gas is still a deal.
If a car gets 30mpg. Then it only costs 33 cents to drive a mile on $10/gallon gas. It would be possible to drive 5 people 3 miles for $1 (a bargain). There is so much energy in a gallon of gas I see people basically paying as much as gas costs until it is a completely unreachable price.
|