by kjmclark » Sat 10 Mar 2007, 09:49:43
In a kind of strange switch, I'd probably use my car more if gas prices went to $10/gal. My family really only uses our car for recreation. My wife and I both bike to work and our kids walk to school. Every year we take two or three long trips. There is the annual trip to my mom and siblings at Thanksgiving, this year we'll fly to Seattle, and we're thinking about driving around Lake Huron.
If gas prices were that high, then the flight to Seattle might be out, but we'd still take a trip. Since our problem is lack of time, we'd just load up the car and drive somewhere. Right now our annual trip to Tennessee costs about $80 in gas. At $10 it would be about $330, which is still only a third or less than the cost of our plane trip for four.
The problem with this poll is that it takes gas prices in isolation, when it's more likely that all petroleum based, produced, or transported products would also at least triple.
A few other notes: Europeans, Canadians, Japanese, etc. would have smaller percentage increases than in the US, since a greater portion of their current costs are taxes. Whether we would ration by price or quantity probably depends on whether Democrats or Republicans are in charge. The Republicans are probably more likely to continue using price to ration. Finally, even if we move to rationing, families like ours may end up using more. I don't need the gas, but I'll be darned if I'll let some jerk in the suburbs use my share to fill up their boat. If the rations are tradable credits, however, and they aren't use or lose, I'd be happy to sell extra to someone else.