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> USA seems addicted to cheap fuel. Cheap fuel means cheap transportation, which means cheaper goods and greater purchase power across the entire economy. This
by jjcon 5y ago
> USA seems addicted to cheap fuel.
Cheap fuel means cheap transportation, which means cheaper goods and greater purchase power across the entire economy. This is especially the case in countries like the USA where population density is so low. In the EU we can accomplish corresponding purchase power with more expensive fuel prices because of population density (more than 3x more people per km than the US).
I don't think it is at all reasonable for the USA to just give up on cheap fuel because our situation can allow for more expensive fuel.