Rebuilding Place in the Urban Space

"A community’s physical form, rather than its land uses, is its most intrinsic and enduring characteristic." [Katz, EPA] This blog focuses on place and placemaking and all that makes it work--historic preservation, urban design, transportation, asset-based community development, arts & cultural development, commercial district revitalization, tourism & destination development, and quality of life advocacy--along with doses of civic engagement and good governance watchdogging.

Tuesday, February 14, 2012

Gasoline prices project to top $4/gallon

Biking is the solution to high gas prices

See "Gas prices could spike 60 cents or more by May" from USA Today. From the article:

So far, $4 a gallon has proven to be the upper limit consumers will pay. Last April, national prices peaked at about $3.98 a gallon. In 2008, a sharp run-up ended when prices hit an all-time average of $4.11 a gallon that summer.

"Higher demand, Iran, lost refining capacity are all potential problems," Milne says. "We'll get over $4 a gallon, but it's going to be tough to sustain that level. People will drive less."

Energy analyst Patrick DeHaan of price tracker expects prices to rise to about $3.55 a gallon by the end of February and peak around $4 by Memorial Day weekend.

"You could see prices in Chicago, Los Angeles, New York, Washington and other major metropolitan areas at $4.60 or higher," DeHaan says. "There's definitely a limit how much it can go up. But the overall trend does remain higher."

Also see "Earliest ever rise above $3.50 is a bad sign for U.S. motorists" and "Gasoline consumption falls in California" from the
Los Angeles Times.

Will that have impact on transit use, vehicle miles traveled, consumer spending on other goods? Will it further encourage relocating to places closer to the core of metropolitan regions? Etc.

Although car sales by the domestic auto industry, comparatively speaking, are booming. See "Taking Credit for Michigan's Rise" from the Wall Street Journal.

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