We’re all grumbling because gas prices are headed back to $4 a gallon. What if gas cost a lot more than that, say, $10 a gallon? How would our lives change – aside from costing more than $300 to fill up a Chevy Suburban? The truth is, it could happen in our lifetime. In fact, it’s already a reality in some places in Alaska and Europe. So here’s what life would be like if gas cost $10 a gallon:
- We’d drive a lot less. Sure, we’d still commute to work, but there’d be drastic cuts in leisure trips, to movies, amusement parks, driving the kids around, and weekend trips.
- Also, the cost of food would go up, because fuel is used in planting, harvesting, processing, and delivering food. In 2008, when gas prices jumped 20 percent, shoppers ditched name brands for store brands, used more coupons, and were more likely to wait for sales. So, if gas were $10 a gallon – locally-grown food would be cheaper, and you might actually eat healthier.
- Another result of $10-a-gallon gas: Package delivery costs would go up, with companies like UPS slapping on fuel surcharges. So, a package that once cost $100 to ship would cost $25 more.
- Also: Airlines would raise prices across the board. When oil hit prices went up in 2008, airlines began charging for services that used to be free – like checked baggage, ticket changes, fuel surcharges, and food, drinks, and blankets on board.
- Finally: Gas stations would install better security. Crime stats show that the higher gas prices rise, the more gas is stolen. So, all gas stations would require you to pay inside first. They might also set up key-card systems to restrict entry and exit at stations. In other words, the barrier blocking your exit wouldn’t go up until you were all paid up.