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American drivers are doing something we have not done in the last FIFTY SEVEN years except for seven other times – consume less fuel. When we are talking about a decrease in gas 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 gas consumption. And it would be only the eighth year since 1951 in which demand for gas has declined. The federal government noted that the decline was occurring in part because of a slowing economy. But it also said that higher gas prices were having an effect on demand. According to AAA, the national average on Monday for a gallon of gas 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 gas 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 gas demand may have arrived. Mike Right, a spokesman for AAA Club of Missouri, said that a decline in gas usage shouldn’t come as much of a surprise. A survey conducted in January by AAA found that many motorists were already deciding to change vacation plans for this summer by planning for shorter trips. “We are starting to see some signs of that,” he said. Mainly because of the December drop, the Federal Highway Administration said it was estimating that miles traveled for all of 2007 were down 0.4 percent. There is already a shift in demand from gas guzzline SUVs towards higher MPG vehicles. The government is soon to release new gas 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. Congressional Democratic leaders are expecting that, in today’s dollars, these new gas economy standards will save the average driver somewhere around $1000/year. 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 gas 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 all of this zeroes in on one fundamental question. Will people have to all start driving Subarus, bicycles and taking the bus or be forced to stay at home because of soaring gas prices or is there some other solution? There sure is and it is called Water4Gas
Article Source: http://www.rightarticle.com
Entrepreneur, songwriter, activist and consumer advocate, GARKO, shows you how to save up to 35% or more at the gas pump and that you can save on fuel consumption by making your car run on water For a list of current fuel prices in your neighborhood email garko@startlingdiscoveries.info
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