Driving like gas is cheap
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© 2008 by Michael Swickard, Ph.D. With all of the angst about high gas prices it is reasonable to expect concerned drivers to slow down, since driving slower dramatically increases gas mileage. So, the predicted market effect of four-dollar-a-gallon gasoline is that it should slow people down. While traveling this last week I undertook an unscientific study about the effect of gas prices on drivers. I found that I was the only person on the roads who drives the speed limit or a bit under. This was during two business trips: one to Albuquerque and then, later, one to Amarillo. Continue Reading