I'm not sure that pricing car drivers off the road will work. As we've seen with fuel, nearly double the price it was 10 years ago and very few have given up their cars or driven any less (it seems).
Who told you that? On 25th May 2012, petrol was 135.44p/l and diesel 141.26p/l, according to the RAC Foundation. Yesterday they were 147.4p and 150.73p. That's not even keeping up with inflation. I don't remember when petrol was 74p/l, but it can't have been this century because tax and duty was 76.2p/l in 2000 and it hasn't been cut!
There are so many myths about how hard-done-by we motorists are, when the reality is we don't pay our way and we're paying less and less ever passing year, yet still the motoring lobby wants more more more. Just like with road space, motoring always wants more of the pie, no matter how big a slice it has already.
So should we at least try pricing drivers off the road before dismissing it?
I think the only way to make a difference is education. Having an entire module in the theory and practical test about vulnerable road users. And much harsher penalties for anyone who has an at-fault collision with a ped or cyclist, no matter what the outcome. Maybe 3 year ban even if the ped or cyclist is not seriously hurt?
I'm not sure about that length of ban for minor injury collisions, but I'd favour some automatic minimums, as well as a much greater use of bans and retests generally. And lots more cameras to catch the likes of the daffodil last night who reacted to a red light at a carriageway/cycleway crossroads by accelerating, presumably because all the cyclists will get out of the way of a revving car, it won't hurt him much if they don't and there are no cameras near there to prove he had a red.