Is There An Up Side To High Prices At The Pump?

If you send anytime at all in front of the boob tube, you hve heard all the down side to the price of gas at the pump.  But is there an up side?

The authors of a new study say high gasoline prices are causing declines in driving that could result in a third fewer auto deaths annually, with the most dramatic drop likely to be among teenage drivers. Professors Michael Morrisey of the University of Alabama at Birmingham and David Grabowski of Harvard Medical School said they found that for every 10 percent increase in gas prices, there was a 2.3 percent decline in auto deaths. For drivers ages 15 to 17, the decline was 6 percent, and for ages 18 to 21, it was 3.2 percent. Their study looked at fatalities from 1985 to 2006, when gas prices reached about $2.50 a gallon.

Leave a Reply