Our little family is definitely feeling the pinch of higher gas prices, to the tune of a couple hundred dollars a month more than we were paying about a year ago. Yet, my wife and I are ok with this and are adjusting our lifestyle and schedule to allow us to drive less. We know that these high gas prices may be what it takes to change not only the habits of Americans as individuals, but of society at large. The net of that will be a very good thing. So we are beginning to drive much less, and be much more thoughtful in our destinations. We are clearly not alone.
A Department of Transportation study (via nextautos) has revealed that in April of this year Americans drove 1.4 billion fewer miles on highways than they did in April of 2007, a 1.8% reduction. So far for 2008 Americans have driven 20 billion fewer miles than they did in 2007. What is interesting, though, is that while those numbers may sound large they are not yet a significant percentage reduction over 2007, though the April numbers continue a six month trend in declining miles travelled. I would anticipate that miles driven will continue to decline and while 1.8% may not seem like a large decline it is my guess that this is a trend that will continue for some time to come. If the high gas prices last as long as many are saying they will, those declines in driving may become permanent lifestyle changes.
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