Since February the prices have been increasing here steadily.
Right now were at $2,50 for a litre, that's about $9.47 per gallon.
Analists are saying we'll hit the EUR 2.00 per litre soon.
Imho the prices can't rise high enough, for multiple reasons:
- EV's become more attractive
- People will think twice before jumping in their car
On the short-term it will indeed hurt people and businesses, but as long as fuel is cheap the behaviour of people won't change. I'm not happy either when I fill up my current car, but I have something to look forward to. Just another 10 months and I'll be released from the oil slavery!
The movement of people who buy an EV or Hybrid mainly for saving the planet is growing, but it can grow faster.
A couple of years ago you were seen as a complete lunatic or hippy if you drove a EV or Hybrid, but people are starting to accept it now.