Thursday, November 20, 2008

Nationwide Decline in Miles Driven Indicates that Gax Tax Revenues May Not Rebound

A USA Today article indicates that even though gas prices are down, consumers have not started driving more. This trend reflects the deepening recession and signals a shift in lifestyles and driving habits that could outlast the current turmoil. Drivers logged 10.7 billion fewer miles in September than they did the same month a year earlier — a 4.4% decline, according to data issued Wednesday by the Federal Highway Administration.

For the full text of this article, follow this link:
http://www.usatoday.com/news/nation/2008-11-19-driving_N.htm

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