The Wall Street Journal reports that the nation’s gasoline consumption has dropped by 1.1 percent from the previous year’s levels. No doubt the end-of-the-suburbs crowd will use this to justify their claims.
Are Americans ready for $4 a gallon gas?
Flickr photo by slworking2.
The problem is that, though people may be buying less gasoline, they aren’t driving any less. According to the latest report from the U.S. Department of Transportation, driving through October of 2007 was almost exactly the same as in 2006, which was a little more than in 2005.
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