March driving down for 1st time since 1979: government

[Sapiens]

http://news.yahoo.com/s/nm/20080523/...ving_data_dc_4

WASHINGTON (Reuters) - In a sign that Americans are curbing their driving in the face of record-high gasoline prices, data released on Friday showed highway miles driven in March fell 4.3 percent from a year earlier, the first March decline since the last major oil shock in the late 1970s.

Ok people, this is another major milestone!! The contraction is now on Main Street!!! Watch your commodities, they may rise a little more as some seek shelter from defaulting paper, but be careful, wouldn't want to get caught under that stream roller!!

[metalman]

Re: March driving down for 1st time since 1979: government

http://news.yahoo.com/s/nm/20080523/...ving_data_dc_4



Ok people, this is another major milestone!! The contraction is now on Main Street!!! Watch your commodities, they may rise a little more as some seek shelter from defaulting paper, but be careful wouldn't want to get caught under that stream roller!!

steam roller?

old fashioned printing press...



modern version...

[Slimprofits]

Re: March driving down for 1st time since 1979: government

Just going by the traffic on highway 101 yesterday, Californians have not cut back on Memorial Day Weekend automobile travel. And if they gas up in Willits, the gateway to Redwood Country, they're going to pay between $4.07 and 4.17 for regular and 5.00+ for diesel.

[Nervous Drake]

Re: March driving down for 1st time since 1979: government

.

[Shakespear]

Re: March driving down for 1st time since 1979: government

This will be an interesting data point to try an figure out how much of the driving that is done in the US is necessary.