Can’t Stop Guzzling

Rising prices are supposed to curtail consumption. So why doesn’t that hold true for American drivers?

From Tallahassee to Los Angeles, experts are worried that the price of gasoline is approaching a “breaking point.” Any higher, they say, and drivers will curtail their driving sharply. “I believe that another 25

It’s something amazing to ponder as you broil in beach traffic this weekend. Gasoline keeps getting more expensive, but Americans keep buying more of it. They bought 10% more gasoline in the first half of 2006 than in the first half of 2000 even though the price at the pump rose 75%. It isn’t just essential trips, either