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High Energy Prices Still Threaten EconomH

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NVMojo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-07-05 04:17 PM
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High Energy Prices Still Threaten EconomH
typo in headline ....

ASSOCIATED PRESS

Capitol Trailways recently doubled the number of buses it runs on weekends from King of Prussia, Pa., to New York City, suggesting to company president Joshua Bennett that the sign he put in front of the station is working. It says: "Sky high gas prices? Commute to NYC on the bus."

There's growing anecdotal and statistical evidence that soaring fuel costs are altering behavior - from a sharp decline in SUV sales to a late-summer surge in bicycle sales to government data showing a 3 percent drop in gasoline usage last month.

Yet even though gas prices may drop due to the weaker demand, home-heating costs are expected to surge this winter and that may force consumers, especially the poor, to cut spending on clothing, health care and food.

more...

http://www.lasvegassun.com/sunbin/stories/invest-corp/2005/oct/07/100700165.html
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