Crawl Across the Ocean

Friday, May 23, 2008

Prices Matter

Back when the B.C. government brought in it's carbon tax, there were a lot of comments along the lines that when it comes to gas, higher prices won't reduce consumption.

Meanwhile, here's some a post over at Calculated Risk linking to the headline, "Eleven Billion Fewer Vehicle Miles Traveled in March 2008 Over Previous March" the sharpest decline in the U.S. since they started tracking miles travelled in 1942.

1 Comments:

  • Bah, you and your facts. It's inelastic and that's that :)

    By Blogger Kevin, at 12:28 PM  

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