If Gas was $7 a gallon....
Everyone would drive cars that got 40 mpg.
Neighborhoods would form "co-ops" that owned one or two large pickups or SUV's. If you needed one, you could rent it for the day.
Boats would be stored at lakes or rivers and rented out. Or, if you owned a boat, you would rent a truck a few times a year to tow it with. Or, you would own an old truck and only drive it when you needed it.
Everyone would commute on mopeds or scooters during the summer. Parking would be easy because you can fit 5 or 6 scooters into one parking spot.
The air would be cleaner.
There would be less traffic.
We would no longer have to import any oil from the Middle East. We would no longer need a military presence in the Middle East. We would no longer be sending billions of dollars a year to the Middle East.
You could buy an electric plug-in car with a small gas engine that only kicked in once the batteries were depleted. If the car had a 30 mile range on battery only, and you lived 15 miles from work, you wouldnt need any gasoline at all. If you needed to drive further, the gas engine would get you there.
You would plug in the car at night, when demand for electricity was lower. With the billions upon billions of dollars we wouldnt be sending overseas for imported oil, we could instead put Americans to work making and installing solar panels and windmills to help meet the increased need for electricity.
Farmers would use otherwise marginal land to grow rapeseed, canola, hemp, or other enviormentally friendly crops to make biofuels with. Since these fuels would NOT be subject to the same tax as fossil fuels, they would be cheaper and therefore in demand.
It would be cost-effective to make fuel from waste products, biomass, or algae. Instead of our energy supply being controlled by a few Big Oil companies, fuel could be produced locally and regionally by co-ops that would put Americans to work producing a renewable product.
The next Bill Gates would make a fortune figuring out a way to make hydrogen fuel or biodiesel out of raw sewage for $5 a gallon, and people would line up to buy it like they did for the iPod or the Apple computer.
If $4 a gallon gas had a $3 per gallon "deficit reduction tax" added onto it...we could pay off our own deficits instead of passing them on to our great grandchilren.
$7 a gallon gas? Sounds pretty good to me!!!