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Posted Fri Aug 15 2008: from
Reuters:
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High gas prices cut driving for 8th month: government http://apocadocs.com/s.pl?1218826596
Americans scaled back their driving during June by almost 5 percent in response to soaring fuel costs, the government said on Wednesday -- a day after announcing the biggest six-month drop in U.S. petroleum demand in 26 years...."Changes in consumer behavior have essentially erased five years of growth in gasoline demand," the American Petroleum Institute said on Wednesday in a separate report that showed gasoline use during the first seven months of 2008 fell by 2.1 percent to the lowest level for the period in five years.
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The race between carbon dioxide levels and peak oil prices may be just a smidge closer. Wonder who will lose?
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