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Wednesday, June 11, 2008

Pinch at the Gas Pump: Consumers Are Changing Driving Habits

Here is a nifty chart from consumer/retail analysts at NPD ...

So American consumers are changing their driving habits. The problem is that consumers in India and China are changing their driving habit too -- driving a lot more. In fact, the number of cars on the road could double by 2050.

So unless we change our driving habits faster than they change theirs, the price of oil will continue trending higher.

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