An economic study out of the University of California at Davis has proved what every one of us already knows: the rising gas prices have finally affected the SUV car market and the amount of miles Americans drive. At the end of April, the national average for a gallon of gas was $3.65, a price that is finally having an affect on America’s driving habits. According to the study, for every $1 rise in gas prices, a corresponding 17% boost in sales of hybrids and fuel efficient cars is seen. At the same time, every $1 price rise could result in a 20% reduction in total miles driven by Americans over the next decade.
The boost in fuel efficient car sales and drop in miles driven could have a large affect on the barrels of oil America consumes as well as the carbon dioxide emissions this country is responsible for.
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