CNN reports that if a major hurricane catastrophe hits the Gulf of Mexico this summer, gasoline prices within the U.S. may rise to $6 a gallon due to lost refining capacity.
http://money.cnn.com/2008/05/22/news...ion=2008060110
Ouch... six dollars a gallon. That smarts! How much higher can you all go before you need to consider major changes in transportation? Such as, walking, bicycling, or taking mass transit?
I estimate I can go about double what prices currently are before I need to start thinking of major lifestyle changes. $10 a gallon is my utmost limit. I'm not liking the prospect at all.
I have heard that motorcycles get good gas mileage; is this true? I am considering purchasing a motorcycle or scooter, or an even higher gas mileage car than what I've currently got. I read the other day on one of the news sites that the old Geo Metros are becoming big sellers again, due to their 40mpg fuel economy.