Bikes & Cars...

Keeping the Car Parked A few months ago we reported that "US citizens drove 9.6 billion fewer miles in May 2008 than in May 2007, or 3.7% less." The trend seems to be holding as Reuters reported a 5% drop in June and a 3.6% year-over-year decline in miles traveled on all roads in July. That makes it the 9th straight month of decline for miles traveled in the US, something that hasn't happened in decades, and petroleum demand hasn't been that low since 1982. Unsurprisingly, high gas prices ...