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Americans are more reliant on driving than Europeans.

They might be forced to restructure if this goes for long enough.

There's a significant difference. American society is largely built around the use of cars. Large parts of the US are unlivable without a car. In Europe, this is much less common.

Americans also drive much less fuel efficient cars in general?

The UK is exactly the same for people not living in the big cities. Same thing for France. Same thing for the North/East of The Netherlands (where I live).

The difference is that we also tend to drive more efficient vehicles.

it's not just gas costs, but it will also raise the prices of pretty much everything, including basic necessities