Houseowners Living In Tents And Car Owners Taking Public Transport
Search:

Home | Finance | Personal Finance


Houseowners Living In Tents And Car Owners Taking Public Transport

By: GARKO

U.S. drivers are doing something they haven’t done for nearly two decades — consume less gas.
When we are talking about a decrease in Gasoline consumption it is in the range of half a percentage point.
That may not sound like much, but it would be the first time since 1991 that there’s been a decline in annual Gasoline consumption. And it would be only the eighth year since 1951 in which demand for Gasoline has declined.
The federal government noted that the decline was occurring in part because of a slowing economy. But it also said that higher Gasoline prices were having an effect on demand.
According to AAA, the national average on Monday for a gallon of Gasoline was $3.50 a gallon, or 64 cents higher than a year ago. Diesel was $4.20 per gallon, or $1.27 higher than a year ago.
Although higher Gasoline prices were expected to have an effect on demand, it wasn’t clear just how high they would have to go to do so. Many market watchers believed prices would have to stay above $3 per gallon for several months or even a year. That tipping point for Gasoline demand may have arrived.
Verne Covell of Smithville counts himself as one who’s had enough. Now retired, Covell bought a pickup and travel trailer when he retired in 2000. Long trips with his wife to places like Canada were common. This year, however, there will be at most a trip to south Missouri. The trailer may even stay in storage for the entire year because of Gasoline prices.“We’re getting on and you don’t know how long you have,” he said. “But this year we decided it just got too expensive.”
There are indications that a fundamental shift in consumer driving habits may have started in December, when total miles traveled in the U.S. dropped 3.9 percent compared with the same month a year earlier. Miles traveled in the Midwest were down 5.8 percent.
There is already a shift in demand from Gasoline guzzline SUVs towards higher MPG vehicles.
The government is soon to release new Gasoline efficiency standards with a minimum requirement of 35 MPG by 2020.
The nation’s fleet of new passenger cars is currently required to meet a 27.5 mpg average, while sport utility vehicles, pickup trucks and vans have a target of 22.5 mpg.
Democrats have said the new Gasoline economy requirements will save motorists $700 to $1,000 a year in Gasoline costs.
While this has been going on many house owners have been living in tents and many car owners have taken to public transport. The increase in people taking busses across the country last year was 4% and this year, so far, it is at 9%.
A decline in Gasoline demand could help give some relief from high prices. Although prices are surging as the traditional summer driving season approaches, some market followers expect prices to ease back later this summer.
So the question is a very simple one. Do people need to ride the bus and bicycles or simply sit at home and watch television or plot the revolution on the internet or do other things on the internet instead of living their lives in the real world? Or is there something else that they can do to offset rising Gasoline costs?
There sure is and it is called Water4Gas

Article Source: http://www.rightarticle.com

Songwriter, activist, consumer advocate and activist, GARKO, recommends using a gas substitute as the best solution for best gas mileage solution and as an alternative in gas savers For a list of current gas prices in your neighborhood email garko@startlingdiscoveries.info





Please Rate this Article

 

Not yet Rated

Click the XML Icon Above to Receive Personal Finance Articles Via RSS!

Powered by Article Dashboard