fishman
Veteran Member
So has anyone began driving fewer miles due to increased gas prices? I know here at the office fuel prices have affected all of us to some degree. I already commute the 60 miles roundtrip to town with my wife, but often I drive seperately, maybe twice a week. I am doing that a lot less since gas went over $2 a gallon. Two other co-workers began carpooling with their wives for the first time ever when gas went over $2.50. Another co-worker moved to a location less than 2 miles from work to save gas.
And if others are doing this, shouldn't the reduced demand cause prices to decline (as they are now doing)? However, I wonder how much of the fuel burned in the U.S. (or the world for that matter) is discretionary? I mean, goods and services require fuel, and many goods and services have come to be considered necessary.
Note: There is no agenda inherent in this question. I'm just curious.
And if others are doing this, shouldn't the reduced demand cause prices to decline (as they are now doing)? However, I wonder how much of the fuel burned in the U.S. (or the world for that matter) is discretionary? I mean, goods and services require fuel, and many goods and services have come to be considered necessary.
Note: There is no agenda inherent in this question. I'm just curious.