Influence of war in prices

Assume that the War in Iraq start to engulf other Middle-Eastern countries in hostilities. The least probable outcome of gasoline prices therefore increasing to, state, $10 per gallon in the United States, would be that: (i) Hummer sales would fall as a percentage of total cars sold. (ii) More people would start carpooling. (iii) Demand would reduce for the hybrid relative to cars. (iv) revenues produced by local buses and commuter trains would rise. (v) President would emerge in photo-ops riding a bicycle about his ranch.

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