Originally Posted by
joejack951
One thing to keep in mind about Americans' tolerance of oil prices is that while prices might double or triple, many Americans drive vehicles whose gas mileage is less than a third of a vehicle they could be driving. If someone switches from a 15mpg truck @ $3/gallon gas to a 45mpg car @ $9/gallon fuel, they won't feel any financial pain. The streets won't be filled with cyclists any time soon, but there will probably be a lot less V8's out there.
You're not seeing the whole picture.
If the prices double or triple then the transportation cost for "stuff" goes up. That means higher prices for "stuff" for everyone. They'll be financial pain alright, and IMO, a change in driving habits/transportation means, not to mention spending habits.