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Soaring Gas Price Will Push Millions Off the Road, Says CIBC Report

Soaring world oil prices will drive the cost of gasoline in the U.S. into the stratosphere over the next two years, forcing many Americans off the road and drastically altering the driving habits of millions more, according to a report released Thursday by CIBC World Markets.

American driving habits will have to undergo a massive change, they say, "mimicking the driving habits long adopted by Europeans who have faced much higher gas prices."/p>

The most fundamental, and unprecedented, change will be in the number of vehicles on the road, they contend...