The problem with gas prices in America is not that they are too high, it's that they are too low. With taxes on gasoline so much lower in the United States over the past several decades, the result has been that American towns are more spread out than their European or Japanese counterparts, mass transport is underdeveloped outside of certain major cities, and we are more at risk to any supply disruptions or price spikes. Many Americans are simply not on any transportation lines and do not have the option of leaving the car parked when gas prices spike.
In short, we have built our entire civilization around the premise of cheap gasoline.
Most oil experts believe that gas prices are unlikely to come down as oil supplies will remain tight for years. Indeed, with peak oil on the horizon, there is a very real risk that $3.00 will come to represent the new floor for gas prices, and not the ceiling. If so, our task becomes all the more urgent. We must keep a lid on gasoline demand and build an infrastructure that will allow us to survive should petroleum continue to grow more expensive.
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