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- First Monthly Travel Increase Since October of 2007
- Mark J. Perry submits: The Federal Highway Administration reported yesterday that travel on all roads and streets increased by by +0.6% (1.4 billion vehicle miles) in April 2009 compared to April 2008. This was the first monthly percentage increase compared to the same month in the previous year since...
- External links 2009-06-19
- The Great Driving Reduction: Consumers Spend Less on Gas, With No New Legislation
- Mark J. Perry submits: According to data released yesterday from the Federal Highway Administration, travel on all roads and streets in the United States fell by -1.2% in March 2009 compared to March 2008. This marks the 17th consecutive month of traffic volume decline (starting in Nov....
- External links 2009-05-21
- Big Oil Pays Big Taxes
- Mark J. Perry submits: According to tax data just released by the IRS for 2006 thanks to TaxProf, the entire bottom 50% of individual taxpayers (67.9 million tax returns) paid $30.6 billion in U.S. federal income taxes in 2006. According to tax data from the EIA, the 26 major...
- External links 2009-03-09
- Fall in Gas Prices and Less Driving Equals $315B Savings
- Mark J. Perry submits: One way to adjust gasoline prices for inflation is to measure the price over time in terms of the number of minutes worked at the average wage to purchase a gallon of gas. Using the monthly nominal price of gas from the EIA,...
- External links 2008-11-21
- Real Price of Gas Approaches a Historic Record-Low
- Mark J. Perry submits: Feeling nostalgic for the days of 17 cent gas in 1931, 20 cent gas during WWI, the gas below 30 cents during the first half of the 1950s, or the $1.40 gas of the early 1980s? If so, you'd be suffering from "money...
- External links 2008-11-18
- Gas Price Decline: How Much Are We Saving?
- Mark J. Perry submits: Link for KC. Based on the drop in the national average price of gas from the peak of $4.12 per gallon in July to $2.17 currently (see chart below, click to enlarge), American consumers and businesses will save $277 billion on an annual basis...
- External links 2008-11-13
- Traffic Volume Continues to Fall in August; What Will Happen in the Coming Months?
- Mark J. Perry submits: The Federal Highway Administration reported Thursday that travel during August 2008 on all roads and streets in the U.S. fell by -5.6% compared to August last year, the largest monthly decline since March of 1974 (-6.3%). August marks the tenth consecutive month of traffic volume...
- External links 2008-10-26
- Real Gas Prices at 6-Year Low: A $346 Billion Savings
- Mark J. Perry submits: The cheapest gas in the country can be found in Kansas City for as low as $1.25 per gallon, and the national average retail price for gas is now down to $1.69 per gallon. Without the high-priced states of Alaska ($2.60) and Hawaii ($2.57), the...
- External links 2008-12-09
- Traffic Volume Continues to Decrease in October
- Mark J. Perry submits: The Federal Highway Administration reported yesterday direct link here that travel during October 2008 on all roads and streets fell by -3.5% compared to October last year. This drop follows the -4.2% September decline. Further, October marks the twelfth consecutive month of traffic...
- External links 2008-12-13
- Falling Gas Prices Are a Tax Cut of Massive Proportions
- Mark J. Perry submits: Update: A recent CD post reported that American consumers save $1.42 billion annually for every one penny decrease in retail gasoline prices. According to EIA data, the average retail gasoline price peaked in early July at $4.165 national average per gallon, and is now...
- External links 2008-10-21
- Gas Is Cheaper Today than at Almost Any Other Point
- Mark J. Perry submits: The chart above shows the real price of gasoline, annually from 1919 to 2009 using data from the Energy Information Administration data here. For 2009, the average gas price from January to April was $1.93 per gallon, which is equal to or lower than the...
- External links 2009-05-02
- The Great American Driving Reduction Continues
- Mark J. Perry submits: According to data recently released from the Federal Highway Administration, travel on all roads and streets in the U.S. fell by -3.1% in January 2009 compared to January 2008. This marks the 15th consecutive month of traffic volume decline (starting in Nov. 2007) compared to...
- External links 2009-03-21
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