Drivers Making Big Adjustments to High Gas Prices?
The chart above shows the annual vehicle traffic volume, measured in billions of miles traveled in the U.S., on a moving 12-month basis through February 2008 from the Federal Highway Administration. The flat trend in traffic volume over the last year or more, along with the declines in each of the last four months through February 2008, appears to be the most significant adjustment to traffic volume in any comparable period during the last 25 years. High gas prices appear to be having an effect on driving habits.
9 Comments:
An oil-addicted ex-superpower
http://www.atimes.com/atimes/Global_Economy/JE10Dj05.html
And a broke one at that.
Two words...Hydrogen...can't remember the second word.
Live From Las Vegas
The Masked Millionaire
Golly, gee whiz, who'd have thunk it--demand curves are downward sloping?
"Two words...Hydrogen...can't remember the second word"...
Sulphide masked millionaire?
Anon @ 6:49 PM says: "An oil-addicted ex-superpower"...
Hmmm, this explains your whine quite well: HTTP/1.1 404 Object Not Found
Is the data available for just a few years earlier into the 1970's gas crisis? It would be nice if we could compare.
peak oil = peak driving
In affluent areas like mine, no one has adjusted or cut their driving habits- or even consolidated their errands-per-trip. Everyone still hops in their Suburban or Land Rover on the slightest whim for a latte or to drive their kid three blocks to school. They still sit outside the school for 30 minutes with the AC on- waiting to pick up their kids for the 3 block trip back home. When school lets out, the roads in the vicinity are still jammed and snarled with SUV traffic.
Putting recession bars on the chart gives a completely different meaning. :D
1) Sprawl is over. People are through driving over one hour to work.
2)Less teen driving. Restrictions on their driving (curfews, number of other teens allowed in car etc.) are shrinking the number of miles they drive. Plus "Saturday night cruising" is dead.
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