10 March 2008

The good news in high gas prices...

...is that expensive auto fuel pushes us to use more public transportation. From a quick article from Reuters:

U.S.
mass transit use hits 50-yr high on pump prices
By Rebekah Kebede, REUTERS, March 10, 2008

NEW YORK – The number of Americans hopping buses and grabbing subway straps has climbed to the highest level in half a century as soaring gasoline costs push more commuters to take mass transit.

U.S. mass transit ridership began to surge when gasoline hit the $3 a gallon level in 2005 and has continued to rise steadily ever since as pump prices top record after record, according to a report released Monday by the American Public Transit Association.

“As people are struggling with the increase in fuel prices, they have to make adjustments, and one of the ways they are doing that is driving less and taking public transportation more,” said William Millar, the president of the APTA.

Mass transit use increased by more than 2 percent in 2007 to the highest level in 50 years, with Americans taking more than 10 billion trips on public transport while the number of vehicle miles traveled was flat in the first 10 months of the year.