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Part of the problem with increasing fuel prices is the US is super car dependant. I agree, higher prices would drive demand down, but we also need to start building up non car transportion and start updating zoning laws yesterday. I don’t know how anyone else in the US thinks driving all the time is desirable or convenient. It’s $$$$, traffic sucks, it’s dangerous and scary, and people need to get around in states where they shouldn’t be driving. It’s insanity.
A lot of redevelopment and migration is needed.