Also, in case you were wondering higher gas prices is a sign the economy is recovering because it tends to mean higher demand (which is a sign the economy is recovering)
Part of the thread. You asked Jeff for info, someone else responded jokingly gas prices. I explained how gas prices are positive signs. While also explaining that you should never lean on Jeff for a serious discussion. He will not provide
To commuters, it may seem like traffic is at an all-time high, but motorists in the U.S. logged fewer miles last year, according to the Federal Highway Administration. In fact, 2011 marked the lowest level measured since 2003.
The agency, an arm of the U.S Department of Transportation, continuously monitors traffic at 4,000 locations nationwide. Data released by the government shows that U.S. motorists drove 2.96 trillion miles last year, down 1.2% from 2010. That’s the lowest number of miles since U.S. drivers logged 2.89 trillion miles in 2003.
Why the drop-off? Rising gas prices and a weak economy have prompted people to pinch pennies, putting the brakes on driving. It's not just happening in cities, either. According to the study, travel on rural roads declined more than travel on city streets, but urban driving makes up two-thirds of all driving in the U.S.
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Also, in case you were wondering higher gas prices is a sign the economy is recovering because it tends to mean higher demand (which is a sign the economy is recovering)
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http://blogs.cars.com/kickingtires/2012/02/americans-are-driving-less.html
To commuters, it may seem like traffic is at an all-time high, but motorists in the U.S. logged fewer miles last year, according to the Federal Highway Administration. In fact, 2011 marked the lowest level measured since 2003.
The agency, an arm of the U.S Department of Transportation, continuously monitors traffic at 4,000 locations nationwide. Data released by the government shows that U.S. motorists drove 2.96 trillion miles last year, down 1.2% from 2010. That’s the lowest number of miles since U.S. drivers logged 2.89 trillion miles in 2003.
Why the drop-off? Rising gas prices and a weak economy have prompted people to pinch pennies, putting the brakes on driving. It's not just happening in cities, either. According to the study, travel on rural roads declined more than travel on city streets, but urban driving makes up two-thirds of all driving in the U.S.
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