 | EU energy consensus - trending in the right direction | The Oil Drum | Why are gasoline (and oil) prices so low -- and where are they headed? |  |
183 comments on DrumBeat: December 8, 2008
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183 comments on DrumBeat: December 8, 2008
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That's what we are seeing in the Dallas area. A local transit guy told me Friday that both rail lines and express bus service are at 100% of capacity during rush hours, with little or no drop off in ridership after fuel prices fell.
That's a good thing. Most everyone I talk to doesn't believe the oil prices will stay this low for long. They might actually stay this low for a few years, depending on how the economy does, but that's another reason ridership is up: people still feel their budget being pinched by fuel costs, even at $1.50 a gallon.