Urbanomics
Substack
Saturday, May 31, 2008
When oil prices rise, Americans drive less!
NYT
has this graph, which is an excellent example of how consumers respond to variations in prices. With gasoline crossing $4 a gallon, and the rising price acting as a tax on consumers, Americans appear to be cutting down on their drives.
No comments:
Post a Comment
Newer Post
Older Post
Home
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment