Olde Hornet
Well-Known Member
There is an article in USA TODAY this morning saying gas use last month was 0.6% less than a year ago, I thought we would see a bigger decrease, because of the increase in gas prices. Is $4.00 the new mark that will cause a bigger decrease in demand? I think most have accepted that $3.00 or more will be the price we will pay this summer.
I have stopped making frivolous trips and I plan stops along my normal commute. I am working from home at least one day a week through the end of summer. Have you made any changes?
http://www.usatoday.com/money/industries/energy/2006-04-19-gas-use-usat_x.htm
Americans have cut back gasoline use in apparent response to increasing prices, separate surveys by the government and a petroleum trade organization showed Wednesday.
Gas use last month was 0.6% less than a year ago, the American Petroleum Institute reported, because "high fuel prices have led to decreased demand for gasoline and other refined oil products."
The U.S. Energy Information Administration (EIA) said gasoline use the past four weeks was up a slight 0.6% vs. a year ago. Typical is an increase of 1.5%, and that's the growth rate assumed in many industry, analyst and government forecasts.
Cutting back just a little more could cause gasoline prices — which average $2.801 nationwide, up 57.7 cents from last year, according to motorist organization AAA — to drop dramatically, one veteran analyst says.
"If everyone decided to drive 3% less the next 30 days, prices would crash," says Tom Kloza, senior analyst at the Oil Price Information Service.
I have stopped making frivolous trips and I plan stops along my normal commute. I am working from home at least one day a week through the end of summer. Have you made any changes?
http://www.usatoday.com/money/industries/energy/2006-04-19-gas-use-usat_x.htm
Americans have cut back gasoline use in apparent response to increasing prices, separate surveys by the government and a petroleum trade organization showed Wednesday.
Gas use last month was 0.6% less than a year ago, the American Petroleum Institute reported, because "high fuel prices have led to decreased demand for gasoline and other refined oil products."
The U.S. Energy Information Administration (EIA) said gasoline use the past four weeks was up a slight 0.6% vs. a year ago. Typical is an increase of 1.5%, and that's the growth rate assumed in many industry, analyst and government forecasts.
Cutting back just a little more could cause gasoline prices — which average $2.801 nationwide, up 57.7 cents from last year, according to motorist organization AAA — to drop dramatically, one veteran analyst says.
"If everyone decided to drive 3% less the next 30 days, prices would crash," says Tom Kloza, senior analyst at the Oil Price Information Service.
