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Heading into the holiday: Fewer miles at higher cost
JICWyllie
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0
7-2-2009 10:17 AM
54 views
tags:
1-demand
,
1-driving
,
2-change
,
2-decrease
,
2-record
,
2-trend
,
3-reported
,
4-us
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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/7a0553bd-a163-41e3-9dc1-5e299ab93ebd/E24C8719-B9B1-44BD-BE8B-8CB8A865EF58/" 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.usatoday.com/money/autos/2009-07-01-travel_N.htm" href="http://www.usatoday.com/money/autos/2009-07-01-travel_N.htm" style="font-size: 11px;">www.usatoday.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.usatoday.com/money/autos/2009-07-01-travel_N.htm">The nation heads into the Independence Day holiday weekend amid the longest and steepest decline in driving since the invention of the automobile.</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.usatoday.com/money/autos/2009-07-01-travel_N.htm">Since the number of miles traveled by motor vehicles in the USA peaked in November 2007, the nation's 12-month total has dropped by 123 billion miles, or slightly more than 4%. That's a bigger decline than the drop of just above 3% during the 1979-80 Iranian revolution that triggered a spike in gasoline prices in the USA. </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.usatoday.com/money/autos/2009-07-01-travel_N.htm"><P class="inside-copy">The 4% drop is the equivalent of taking between 8 million and 10 million drivers off the road.</P></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.usatoday.com/money/autos/2009-07-01-travel_N.htm"><P class="inside-copy">"We may be witnessing the beginning of a fundamental shift in American driving habits," says Ed McMahon, senior research fellow at the <A href="http://content.usatoday.com/topics/topic/Urban+Land+Institute">Urban Land Institute</A>, a non-profit group that promotes innovative development.</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;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/E24C8719-B9B1-44BD-BE8B-8CB8A865EF58/blog/" title="blog or email this clip"><img src="http://content9.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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