Reasons you’ll rejoice when we hit $8 a gallon gas

May 31, 2008 · Print This Article

You read that right. Reasons you’ll rejoice when we hit $8 gas.Chris Pummer of Marketwatch lays out his case:

  • Say goodbye to the internal combustion engine!
  • Economic stimulus would go through the roof including mass transit development. $8 gas might be the thing that would finally get Americans to get on buses and bikes and other forms of public transit, according to Pummer
  • $8 gas could be the “antidote to sprawl,” making faraway commutes costlier and increasing the desirability of living in space-saving city clusters.
  • Financial discipline would be restored, as the rising cost of gas would force citizens to reconsider the high cost of their cars, including car payments, insurance, maintenance and gas. Demand for smaller cars would plus increase.

Orginal post by Patricia Mayville-Cox

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