2007-03-06 03:28:31 · 3 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Theoretically, people would drive less with high prices but
In reality, many peoples schedules are so busy with multiple jobs and kids activities that they drive anyway.
The higher prices mean they cut back elsewhere or work some extra hours to compensate.
Note: the regions that have mass transit seem to be at near capacity during work hours (and have been at standing room only for years) , while many other regions are so spread out that mass transit to work is not a current option.
2007-03-06 03:34:31 · answer #1 · answered by kate 7 · 0⤊ 0⤋
GGGRRRRR! (That's the sound my husband makes whenever we drive by a gas station. $2.50 average/gal now -again) We live in a rural area (Maine), so not only is mass transit not an option but major stopping points are at least 40 minutes away. His job is an hour's travel time from home. It's obvious to most of us who benefits from the high prices. And it's not anyone in this room. The only personal benefit is that I don't go anywhere 'just for the heck of it' anymore (and shop) and I save a trip (and gas and $$) to a bigger town for when I have a good-sized list. And I shop on-line more now. What is most aggravating is that we have little, if any, choice in the matter. I want a 'Back to the Future' car that I can shove junk mail into.
2007-03-06 11:51:11 · answer #2 · answered by Caligirlsmom 3 · 0⤊ 0⤋
The benefits are that Oil industry tycoons can become richer than anyone would ever need to be.
2007-03-06 11:32:15 · answer #3 · answered by Seoul Brother 3 · 0⤊ 0⤋