21 May 2007

Gas prices are reducing driving

According to USA Today, Americans have started to change their behavior because of gas prices.
Although 70% have consolidated errands to save gas, only 10% have changed jobs to shorten their commute. If gas breaks $4 per gallon, 33% say they will change cars to one that gets better mileage.

James Howard Kunstler thinks that the decline of oil production and our continued addiction to it will go beyond a crisis and be a major social upheaval. But even a mild reaction should help home values in walkable towns like Highland Park and Metuchen but would seem more likely to create problems for sprawling suburban towns like South Brunswick. And, as usual, in many places it would hurt the poor more and faster than anyone else.

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