Will america and/or other countries go into a depression?

Question

since america depends heavyly on gas and other fossil fuels, as well as other countries, do you think we will see another depression when gas becomes too expensive for most of the low and mid class people to afford?

Answer 1

No.  People in most of Europe pay more than double what Americans pay for gas due to taxes.  Americans will be able to afford higher oil and Europeans will be able to lower the price by lowering their taxes.

Answer 2

Its already there, don't you think?  Gas is expensive enough, even for the rich.  They cannot fly there private airplanes as much, nor use of limo service.