I know, i know, I live in NYC, so i don't feel the full brunt of $4 gas. But i'll tell you this (as will any other economist or social science major): people react to incentives, which will mean either a) more drilling (boo! not the answer! only feeds the addiction), or b) new fuel technologies.
Turns out there are some other unintended benefits as well.
5 reasons to like $4 gas
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