I'm sure the oil companies are getting tired of those record profits.
You'll see those gas prices plummet.
It's been fun. But it isn't much fun anymore. Signing off for now.
The opinions expressed here represent my own and not those of my employer, any other railroad, company, or person.t fun any
When gas prices drop, convenience will prevail and you'll see ridership levels drop again. And prices will drop 1) the higher price is a signal to drillers and refiners to up production. More available = lower price 2) People are not happy about higher prices, so they will take their revenge at the polls on politicians who try to restrict production.
DC metro pleased with higher than forecast ridership.
Metro says ridership is outpacing transit agency projections (msn.com)
It has happened before going back to the Arab oil embargo in 1972 and several times since then when gasoline prices surged. It will take some time to upgrade service frequencies, though.
Interesting, I read recently that mass transit ridership is increasing again rather rapidly with $5 a gallon gas. So much for the doom and gloom that was the case earlier. Though I also read another variant of COVID-19 is now sweeping China and maybe headed our way.
Our community is FREE to join. To participate you must either login or register for an account.