How High Gas Prices Are Making Us Safer. Seriously.
Gas prices, thanks to the Global War on Terror and Hurricane Katrina, are now the highest in the nation's history. Gas easily tops $3 per gallon in San Francisco, Boston, Los Angeles, Miami, and other cities across the nation, making driving an expensive way to get around. For reference, gas prices have increased roughly 100% since 9/11.
What's the upside? That ridiculously expensive petroleum is prompting people to drive more slowly on highways, drive less often, buy more fuel-efficient cars, and take mass transit more often. A recent Congressional Budget Office report found that based on statistics from 2003 to 2006, a theoretical 15-year, 10% increase in gas prices would reduce consumption by 4% as consumers replaced their gas-guzzlers with more fuel-efficient cars.