Road Deaths Drop as Gas Price Soars

People are changing where, when, and how they drive

(NEWSER) - The number of traffic deaths may drop this year to their lowest since Kennedy was president—thanks in large part to higher gas prices, the AP reports. As they rose above $3.20 a gallon, fatalities plummeted 22.1% in March and 17.9% in April, a study found. The data suggest a “tipping point” in gas prices where drivers drastically changed their habits. More»

Charles Lane points out a surprising trend: Americans are driving less

(NEWSER) - When gas prices spiked in April, Americans reacted in a logical, yet surprising way: They drove less. It's a sign, writes Charles Lane of the Washington Post , that America's love affair with the car is on the rocks. Getting a license, for instance, isn't the "rite of passage" it used to be; only 28.7% of 16-year-olds got their licenses in 2010, down from 44.7% in 1988. Lane blames cell phones, which make "it easier for youngsters to stay in touch without actually, er, touching." More»

High supply, falling demand will ease prices, say experts

(NEWSER) - Gas prices are holding steady at $3.92 a gallon, and that could be on the verge of coming down, reports USA Today . With a key benchmark falling to a two-month low yesterday and growing signs of a global economic slowdown, experts think pump prices will fall short of the most dire predictions , as well as short of last year's $3.99 high and the all-time record of $4.11 set in 2008. Already in pricier markets, such as Chicago and Los Angeles, prices have dropped as much as 20 cents per gallon. More»

With crude oil so expensive, they can't make money

(NEWSER) - Add one more victim to the soaring price of petroleum—refineries. Yes, despite gas prices rising another 6% in February, refineries in the US Northeast are shutting down because they're losing money, reports Wall Street Journal . And with Philadelphia-based Sunoco set to close the largest refinery in the region in July, expect gas prices to keep going higher. "Our Northeast refining business has lost nearly a billion dollars in the past three years, and those losses have threatened Sunoco's very existence as a company," said a Sunoco spokesman. More»

Sure, policy affects things ... eventually

(NEWSER) - As gas prices rise, President Obama's approval rating falls , which makes sense, because those painful numbers at the pump are all his fault, right? Wrong, say oil experts and economists. The Washington Post breaks down their arguments:

• Policy: It definitely affects things, but it takes a long time for that to happen. Cars can take a decade to turn over, for instance, so tightening fuel efficiency rules doesn't kick in immediately. One expert notes that legislation George W. Bush signed in 2007 is helping stop the "current situation from getting worse."