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 Stories About: cars AND economy AND energy AND gas prices AND oil
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Shifting Into Under-Drive
Americans drive less, use less gas, buy fewer cars |
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14 Aug 2008 |
News |
| Posted at 10:56 AM on 14 Aug 2008 Americans are driving less, burning less gasoline, and buying fewer cars, and the feds have the stats to prove it. New numbers show that Americans drove 4.7 percent less in June 2008 than they did in June 2007, shaving off some 12.2 billion miles. For those keeping track at home, that makes a total 53.2 billion fewer miles driven between Nov. 2007 and June 2008 than in that eight-month ... |
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| Topics: business, cars, economy, energy, gas prices, news, oil, placemaking (all these topics) |
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Must read CIBC report: $7 per gallon gas by 2010
Ten million cars off the road, 1970s style GDP growth |
Joseph Romm |
26 Jun 2008 |
Gristmill |
| CIBC World Markets has just released a stunning yet detailed economic analysis of near-term oil prices and impacts. The PDF has some excellent figures I will convert to JPEGs. The two key pieces are 'Getting off the Road -- Adjusting to $7 per Gallon Gas in America' (PDF) and 'Oil and Growth -- That 70s show Re-Run' (PDF). Main points: 'That additional 200,000 barrels per day pledged from Saudi Arabia is a pittance compared to the four million barrels per day ... |
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| Topics: cars, economy, energy, gas prices, oil (all these topics) |
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