Signs that Gas Prices are Decreasing Driving

"As gas goes up, driving goes down" is a CNN headline today that says there is a historic drop in driving.

Compared with March a year earlier, Americans drove an estimated 4.3 percent less -- that's 11 billion fewer miles, the DOT's Federal Highway Administration said Monday, calling it "the sharpest yearly drop for any month in FHWA history." Records have been kept since 1942.

Americans also increased their use of public transportation. They took 10.3 billion trips that way in 2007, the highest level in 50 years. Just weeks ago, a CTV news items reported that bicycles are selling more as people are changing their mode of transportation in some of Canada's larger cities. It will be interesting to see if these trends happen in St. John's and the province.