On May 16, 4:08 pm, John Galban wrote:
On May 16, 6:18 am, "Matt Barrow"
wrote:
NO, it's so much easier to

pontificate "Public Service" BS like "share a ride", "ride your bike"...
It's nice to have the advertising budget, too.

Well, actually doing those things makes a significant difference
too. Those of us who keep track of oil production and consumption
figures know that people will cut consumption drastically if the price
hurts enough. This was demonstrated quite handily after the Katrina
related spike two years ago. People started riding busses, sharing
rides and using more fuel efficient transportation. Consumption
numbers dropped around 10% and the street price of a gallon of gas
dipped below $2 shortly thereafter.

Today the elasticity of auto gas is very, very inelastic. Many suggest
that that would not change until we top $5/gal for unleaded.

-Robert