Do you believe higher gas prices could be the best thing to happen to the USA?

Question

Now everyone wants a fuel efficient vehicle, they have conversion kits coming out in the next couple months to convert vehicles to plug in hybrids that will get 100mpg. You see GM closing down SUV factories to set them up to make their electric car the VOLT. Seems to me that the higher the gas prices, the sooner we wont be using gasoline or diesel for our vehicles and we wont be dependent on foreign oil.

It also seems that in my mind the OPEC nations would want to make oil cheap again so that the rest of the world doesnt convert everything to hybrids and electric vehicles. Then they wouldnt make the big bucks that they are used to making.

What do you think?

Answer 1

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Answer 2

I honestly think this all sucks!!!

I travel alot for my job & the gas prices take almost my whole check! bleh, I heard that its only gonna get higher & will remain that price all the way until next year. im gonna be a broke btch before its all over. =(

Answer 3

In my situation, I think rising gas prices are a blessing.  They are keeping more "MOMMY SUVS" off the road, making people think before they drive and filling up the used car lots with trucks and suvs.

Also, the rising gas prices are now putting the "undercutters" in my industry out of business because they can't afford to drive and operate all the gas machinery.  Less competition = better business for me.

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Answer 4

Interesting theory, but in my opinion, the answer is no.

High oil prices are the direct cause of why the US economy is in the toilet. Besides the fact that it's volatility has a direct impact on inflation now, it is directly impacting the housing market, the unemployment rate, the airline industry, restaurants and hotels (just to name a few).

If car manufacturers would have been ahead of the curve and not waited so long to produce these alternatives, then we might be in better shape.

It's too bad that $3-$4 gas is what it took to light a fire under them (although, to your point, I doubt we would have bought the econo-boxes until the gas hit $4 anyways).

In addition, how is this going to impact the other forms of travel like airline industry and its consumers over the long haul?  I can't forsee any good news on the horizon there unless they are plans on building a hybrid plane.  

Of course these alternatives can't be cheap, and with the shape the airline industry is in, where is the money for their alternatives coming from?

Answer 5

While the current spike in gas is hurting the economy, I agree that in the long run it could help us. People will want to give up their long commutes in their SUV's and move back to the city, giving new life to decaying metro areas. This will bring urban sprawl to a halt, preserving rural and undeveloped land. It could speed up the development of cleaner renewable energy such as hydrogen fuel cell technology. People might walk or bike bringing about a healthier population. The possibilities are endless.