View Single Post
Old 10-14-2008, 04:28 PM   #10 (permalink)
some_other_dave
Master EcoModder
 
Join Date: Jul 2008
Location: Silly-Con Valley
Posts: 1,479
Thanks: 201
Thanked 262 Times in 199 Posts
There's also the possibility that $3/gallon isn't the "pain point" for a lot of people. Perhaps at $5/gallon, the majority of people will realize that they have to do something (e.g., change how they drive, get a more efficient car, modify their car to be more efficient, drive less).

Of course, it could also be that if prices creep up slowly enough, we won't notice to the point of actually changing anything. (Sort of like the "frog in boiling water" thing; change the temperature slowly enough and the frog doesn't appear to notice.) A similar effect can happen with faster price increases, if the price goes waaaaaay up and then comes down somewhat. Sort of like what has happened recently....

-soD
  Reply With Quote