I don't think it matters.People will gripe and complain,but they will still drive and fly.
Exactly. I don't think rising to $5.00 a gallon will have much impact at all on vehicle use. It would have to go much higher than that, before any serious curtailment would occur.
Yes, Amtrak enjoyed a spike in ridership during the 1973 oil embargo, but that was related more to shortages than to cost of gasolene.
I disagree - I don't have time to look it up now, but the stats for how many vehicle miles were travelled in the last few years showed a noticiable reduction in miles driven when gas got above $4.00.
Correct!
When gas hit $4.00 in 2008, ridership on all forms of public transit (including buses) spiked much higher. It was that spike that when coupled with the recession that made it appear that transit ridership had dropped last year. However, if one compares 2009 numbers to the 2007 numbers, ridership is actually still going up despite the recession. It was the abnormal increase in 2008 from the high gas prices that made it look like people weren't riding as much.
And miles driven on highways in 2007 were 3,032,399,000,000. In 2008 it had dropped to 2,973,509,000,000 because of the high price of gas that year. The Bureau of Transportation Statistics hasn't updated their tables to include the 2009 numbers, but I seem to recall seeing a news story that I cannot find right now that indicated that miles driven hadn't rebounded.