We will be fine, thanks to the Chinese:
Gas guzzlers are a big hit in China
Newly affluent want larger SUVs to fill with state-regulated $2.90 gas
http://www.msnbc.msn.com/id/24242758/
http://www.treehugger.com/files/2008...ular-china.php
Quote:
Buyers of land yachts have also been unintended beneficiaries of a government policy meant to help the poor. Beijing has tried to shield farmers and the urban poor from high oil prices by freezing pump prices for gasoline and diesel, keeping them among the world's lowest. That takes the sting out of filling up a gas guzzler.
Gas costs 5.34 yuan (76 cents) a liter or 20.5 yuan ($2.90) a gallon. State oil companies are barred from passing on rising crude costs to consumers, instead covering their losses out of profits from their drilling units.
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