Joel, good theories but not practical. If all people could sell their high MPG vehicles and rely on public trans instead your theory is perfect. Most of America is not urbanized, public transportation is spotty at best in most places.
Prices will normalize, at least I hope that they do. You can't change a culture overnight, not with out major disruptions to the economy.
$1.50 for regular was already ridiculous. To now be paying $3.00 is organized crime.
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