I know it sounds counterintuitive to say that high gas prices are a good thing. Why would high prices on anything be good? The reason is simple: Prices help shape consumer behavior in lots of areas, including clothing, food and housing. Is there any doubt that high real estate prices are partially responsible for the tiny house movement?
Mr. Will might choose to keep his head buried in the sand, but it appears that a major transformation is occurring in Americans' automobile-buying habits. Not necessarily a shift to smaller cars, but, rather, with technological innovation, a shift to those that take us more miles on less fuel -- no matter what the fuel.