WASHINGTON—In a trend that is reducing the nation’s dependence on fossil fuels by curtailing the total number of cars on the road, a study released Thursday by the Transportation Department found that more Americans than ever are commuting to work splattered on the grill of a Ford F-150. “Increasingly, U.S.…
Raising the gas prices 10x overnight won’t create those alternatives overnight, nor will it put petrol companies out of business because they pass the cost on to consumers who are mostly forced to buy gas at whatever the current price is with no other viable transportation method.
Infrastructure takes time. Sadly the US govt isn’t even at the starting line for any meaningful public transit system in most cities.
If gas prices went up 10x overnight, some higher earners could switch to working from home (a positive result), but other industries such as retail don’t really get that luxury… Contributing to more wealth inequality
You do realize the post here said gradually, right? Why are you strawmaning them and saying overnight?
No shit, I’m not saying that.