Surprise! Higher Gas Prices = Less Driving

Reuters:

U.S. highway travel declined 1.4 percent in March from a year ago as gasoline prices rose, marking the first year-on-year decline in the number of miles driven in 13 months, the U.S. Transportation Department said on Friday.

The report provided some of the first government evidence that soaring prices at the pump have discouraged driving. The national gasoline price rose 21 cents a gallon during March and climbed until it reached nearly $4 this month.

This is such a banal point, and yet somehow it’s being completely missed by the people who think we should just keep building new sprawling low-density development forever as if gas prices are going to be cheap forever. They’re not, so things are going to have to get denser.

Comments

  1. Anonymous says:

    So in short, shifts in the market (not driven by Government or legislation passed by the Elites) change behaviors.

    That's good – we don't need to implement any of your proposals, government doesn't need to get larger and taxes don't need to be raised.

    Too bad, you'll have to find another way to screw over farmers.

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