US Drivers Begin to Balk at Record Gas Prices
bloomberg.com
bloomberg.com
Move somewhere you can drive less? The community has some concerns about how that would affect the character of the neighborhood.
Bike? You will be murdered and your entire community will stand together to say in unison that you deserved it.
Take the bus? Sure, for just three transfers, half an hour walking and 45 minutes waiting you can substitute the bus for a 15 minute drive.
Why is it so hard for people to get along? Drivers can just look both ways before blowing red lights and stop signs and not tailgate cyclists and reduce their murders ten-fold. And cyclists could be aware that they're required by law to be as far to the right of the road as is safe and to stop at signs and lights to drop the animosity against them ten-fold. Grr.
> Bus transfers
It's a bloody nightmare. As a student I had free bussing in a pretty well-covered city. It was literally faster to walk the whole distance. I'd ride the bus if it dropped below -20F or the sidewalks weren't plowed yet, but otherwise it wasn't worth it even for free.
I bike frequently too; I'm not saying that being a minor annoyance for traffic should be illegal, but that each side should just respect the other a tiny bit. Check your mirror before opening your door, stop at stop signs (both parties), .... It's not that hard to have a much safer world.
The only hope is that gas keeps getting more and more expensive and politicians start asking real questions about what changes need to be made so that Americans have more options available other than giving more and more money to the oil companies.
in a sense this is a good thing if it halts the consumer in its track.
the more consumer weakness the sooner we can get rid of inflation and get back on a sustainable growth trajectory.
if instead demand was still booming i think the fed would have to raise rates even more aggressively and cause a more serious recession
the only downside is if it just causes them to spend the money they would’ve spent on gas elsewhere
It's about 4% of tax receipts which is a lot but also probably not that hard to make up by other means.