It’s coming if current trends continue. If the growth in gasoline prices between 1990 and today were to continue we would see gasoline prices around $9.00 per gallon in 2025.
Lets think about what that means.
- We need more efficient vehicles, duh…
- We need transportation choices which require different development patterns.
- High speed rail showed a positive net present value assuming gas at $2.50 per gallon.
- We could be losing billions in economic activity to energy costs.
Here is a fun model that you can play with to see the potential impacts of gas prices, increased fuel efficiency, and better urban design.