Environmental Capital provides daily news and analysis of the business of the environment. It tracks how growing green concern, particularly over climate change, is roiling established industries and spurring new ones – and how that shift is affecting investors, consumers and the planet.
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Detroit Blues: Economic Crisis Replaces High Gas Prices as Motowns Nemesis
Posted on October 13, 2008
Gasoline prices are coming down, fast. But that doesnt mean drivers are shaking out their lead feetdemand for gasoline is still tumbling, too. Thats because the economic crunch is picking up where $4 gasoline left off: The broader economic turmoil, rather than pain at the pump, is pushing Americans to drive less.Don't quit singing yet (AP)The American Automobile Association says nationwide gasoline prices averaged $3.25 a gallon over the weekend. Three statesOklahoma, Kansas, and Missourihad gas under $3.00 a gallon. Thats the cheapest gas Americans have seen since this spring, when oil began ...
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