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Interesting gas price tidbit….

December 16th, 2008 · 1 Comment

I snagged this from Swivel.com. Great site for datageeks.

Interesting how Miles traveled is resilient to gas prices. Drivers have a high elasticity in gas prices… I wonder how high/low gas prices have to go to change behavior…

BTW, this data is a little old.

Vehicle Miles Traveled vs. Gasoline Prices

Also, I am crafting a new post right now. It’s required more research than I expected, look for it soon. As a teaser – it compares our conditions today to those that conspired to create the Renaissance… very interesting comparison.

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