Monday, April 11, 2011

Drivers start to cut back on driving as gas prices rise

In a state where 99 percent of transportation tax dollars are spent on roads, most Ohioans have no fuel-efficient transportation alternatives to turn to, such as public transit, intercity rail or even intercity bus. So the only only alternative is to stay home and hurt the economy.....
 
Drivers start to cut back on gas as prices rise 
Published: Monday, April 11, 2011, 9:15 AM     Updated: Monday, April 11, 2011, 10:12 AM
 By Associated Press business staff The Plain Dealer 

NEW YORK  -- With the price of gas above $3.50 a gallon in all but one state, there are signs that Americans are cutting back on driving, reversing a steady increase in demand for fuel as the economy improves.

Gas sales have fallen for five straight weeks, the first time that has happened since November, according to MasterCard SpendingPulse, which tracks spending at 140,000 service stations nationwide.

Before the decline, demand was increasing for two months. Some analysts had expected the trend to continue because the economic recovery is picking up, adding 216,000 jobs in March.

"More people are going to work," said John Gamel, director of gasoline research for MasterCard. "That means more people are driving and they should be buying more gas."


Read more at: http://www.cleveland.com/business/index.ssf/2011/04/drivers_start_to_cut_back_on_g.html
 
Ken Prendergast
Executive Director
All Aboard Ohio
12029 Clifton Blvd., Suite 505
Cleveland, OH 44107
(216) 288-4883
kenprendergast@allaboardohio.org
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