Gas Prices Will Continue to Climb

You didn't want to know this:

Despite the demand for passenger cars in China, less than four percent of the country's 1.3 billion people have purchased one.

Source: AP

In the U.S., there are 251 million vehicles for 300 million people. That's about 84% (Source: Wikipedia). That means that if they get to half as many cars per capita as us, their need for gas will be more than 10 times as large. That would be 380 million additional cars, about 1.5 times as many as we have in the U.S. today (and yes, we have the most). Obviously, I just picked a number on the "half as many as us." Oh, yeah: India is just about as big as China (actually projected to pass them sometime 2050ish, I think). They don't have a whole lot of cars yet, either, compared to what they could have...