American Driving Reaches Eighth Month of Steady Decline topping the 1970s' total decline


	American Driving Reaches Eighth Month of Steady Decline topping the 1970s' total decline

BobbyDelray

8-13-2008 5:07 PM

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BobbyDelray says:

This is a good example of simple supply/demand economics. Demand drops prices drop.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7ae591f5-6e3e-43d4-a8b9-df22e2d67528/063C43A5-5121-4FE8-95DF-323E65285739/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.fhwa.dot.gov/pressroom/fhwa0817.htm" href="http://www.fhwa.dot.gov/pressroom/fhwa0817.htm" style="font-size: 11px;">www.fhwa.dot.gov</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.fhwa.dot.gov/pressroom/fhwa0817.htm">New data released today by the U.S. Department of  Transportation show that, since last November, Americans have driven 53.2  billion miles less than they did over the same period a year earlier – topping  the 1970s' total decline of 49.3 billion miles.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.fhwa.dot.gov/pressroom/fhwa0817.htm">Americans  drove 4.7 percent less, or 12.2 billion miles fewer, in June 2008 than June  2007. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.fhwa.dot.gov/pressroom/fhwa0817.htm"><P>To review the FHWA's "Traffic Volume Trends" reports, including that of June  2008, visit <A href="http://www.fhwa.dot.gov/ohim/tvtw/tvtpage.htm">http://www.fhwa.dot.gov/ohim/tvtw/tvtpage.htm</A>.   </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/063C43A5-5121-4FE8-95DF-323E65285739/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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