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Sunday, October 26, 2008

Little change in driving

What with gas going up over $4 a gallon, and with all the news stories about massive changes in behavior, and with all the concern about government road funds running out of money, what's the actual change in miles?

Pretty modest: Miles were down 5.6% in August, 2008 versus August 2007. That's not much, considering the magnitude of the economic changes during that time. In fact, it seems to me that it shows driving behavior is very difficult to change.

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