MassBike Big Cheese David Watson observes that there are more bikers out there this year — an observation that NS&S unscientifically confirms — and attributes it, in part, to rising gas prices.I think the arguments that it's good for your health and it's good for the environment and it's fun have always been true. I think what has really gotten people off the fence is the increasing gas prices[.]
The effect of gas prices on human behavior is not entirely rational. For instance, the recent rise in gas prices has had an effect on truck/SUV sales that it outsized to the increase in annual fuel costs. A 12 MPG truck driven 12,000 miles a year consumes 1,000 gallons of petrol. At $2.50 per gallon, that's $2,500 a year. At $4.00, it's $4,000. Are the prospective owners of $50,000 trucks really deterred by an extra $1,500 per year? I doubt it. (Although behavioral economists would tell you that people are — irrationally — disproportionately sensitive to changes in the price of gas.)
I think it's more subtle than people wanting to save gas money. I think that the rise in gas prices — along with concerns about global warming, traffic, health, &c. — is another signal to folks to consider alternatives to private automobile transportation.
No comments:
Post a Comment