Americans drive 1.4 billion fewer highway miles »
Posted By expursuit 3 months, 3 weeks ago in StyleWASHINGTON (CNN) -- Americans drove 1.4 billion fewer highway miles in April than they did in April 2007, the Department of Transportation said Wednesday.
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JohnQPublicComment removed: User banned.4 Replies
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mesodude3 months, 3 weeks ago
Funny we haven't heard much of anything from the armchair "supply and demand" economists from the right (regarding the fact that prices have continued heading skyward as Americans cut their consumption way back). I'm a little concerned about what this means for infrastructure fund coffers but with fewer road miles being logged, perhaps this translates into less wear and tear on our roads, bridges and highways.
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Ruggaboo3 months, 3 weeks ago
Brilliant thesis here...prices have quadrupled in as many
years and they say people drive less!
People can't afford to drive these days.
And don't you just know, the wingbats will be on a rant instead of conceding the ever increasing market share swallowed by emerging economies like India and China.
Let me tell you, in most other free countries they pay for a liter more than we pay for a gallon...it is still way cheaper here! That's right other countries are paying three times what we are. So clam up, your government has done quite a bit to keep it cheap.
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chevydog3 months, 3 weeks ago
"Let me tell you, in most other free countries they pay for a liter more than we pay for a gallon...it is still way cheaper here! That's right other countries are paying three times what we are. So clam up, your government has done quite a bit to keep it cheap."
Correct. though you should point out, especially in western Europe, the distances traveled are smaller. Gas has alsways been high-priced; and their residential patterns and transport systems have been designed to reflect that. Our residential patterns and transport systems have been designed for gas at maybe 35c/gal; now we are 10x that. Those patterns won't change overnight, so the efffect of the increases is much more severe.
By my very crude estimates, a $3/gal increase takes about $150 billion/yr out of the economy. How much was GWB's stimulus package? Does it have even the proverbial snowball's chance of functioning as intended?
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Panusports3 months, 3 weeks ago
I agree engineer. I'd like to see it really dig into the wallets of the oil excutives and then see what excuse they give for raising prices.
Me too,
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