Rising prices at the pump make people do dumb things. Some buy a new car to save at all costs. Not only will they never recoup the cost of the new car, the tsunami in Japan turned fuel efficient Japanese cars into everything else than a bargain. Others do something particularly stupid: They drive their car until it runs out of gas. (Read More…)
Tag: Fuel Prices
We love us some data here at TTAC, and since we’re already looking at a grip of sales data today, we thought we’d add this excellent infographic that appeared in Sunday’s New York Times to the mix. It depicts America’s per-capita miles driven on the x-axis, and the price of gasoline on the y-axis, and shows that the two aren’t as inextricably linked as some might have thought. As we try to make sense of monthly sales data and look for “the new normal,” this kind of data provides a crucial context for month-by-month trends. We hope you find it as enjoyable and illuminating as we did.