Gas prices causing Americans to drive less
According to the Federal Highway Administration (FHWA) Americans are driving less than they did a year ago. In March 2008 Americans drove 11 billion miles less than they did in March 2007. This drop marks the sharpest drop in FHWA history.
Apparently the downward trend started in November of 2007 and has continued since. Click on the graph to the the right to see more detail.
Gas prices and driving habits
A survey was done by Ipsos Center which shows how much the price of gas needs to rise to get people to change their driving habits.
67% of respondents said they have already changed their driving habits as a result of the rising gas prices.
Of those who have already made changes to their driving habits, the point of change was at about $3.20 per gallon.
At $3.00 per gallon, 35% of Americans had changed their driving habits.
By $4.00 per gallon — a reality […]
Original post by bob