Sightline's Clark Williams-Derry looks at low gas prices, a down economy, and vehicle-miles-traveled, noting that the precipitous declines in VMT have halted, and suspects it may plateau.
"As (Bloomberg News) notes, gasoline consumption fell in December 2008, compared with the previous December. But looking at the numbers, the year-over-year decline was actually the smallest since the previous February -- suggesting, perhaps, that low prices are beginning to subtly boost driving.
The nationwide decrease in (December, 2008) in year-over-year travel registered at only about 1.2 percent -- a significant cut, but nothing like what we saw earlier in the year, when year-over-year declines reached as high as 5.6 percent.
We'll keep our eyes on the numbers. I'm betting that, if gas prices stay low, we may see a pause in the decline in vehicle travel."
From WSJ: Gas Demand Edges Higher, Lifting Crude :
"Months after soaring fuel prices spurred U.S. drivers to cut back on their driving, demand for gasoline is slowly coming back, helping to push up depressed oil prices.
Oil prices have fallen over the past few months as demand slowed much faster than supply spigots could be closed off. Now this trend seems to be receding. Still, economists aren't predicting another rapid run-up in oil or gasoline prices.
"A return to $4 a gallon is probably not something we're going to see anytime soon," said one energy analyst.
Thanks to Steetsblog Daily, 2/24/09
FULL STORY: Despite lower gas prices, driving is still down -- but perhaps not for long.
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Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
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Planetizen
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Mpact (formerly Rail~Volution)
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research
NYU Wagner Graduate School of Public Service