If the EIA report on monthly gasoline usage is any indication, Americans are still not driving like they did back in 2007. I would therefore assume that commuting, and the economy as a whole, has not yet picked up.
Ironically, since official unemployment statistics are predicated on who is taking unemployment insurance--and it's run out for many--gasoline usage may be a better measure of the economy as a whole than unemployment rates.
Wednesday, August 04, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment