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[quote user="blue streak 1"]We may no longer have the high gas prices that will go down after the effects of IKE are worked out. I could not believe it but today petroleum prices below $100/ barrel today. Wonder what this is going to do to all transit ridership.Samantha..... any ideas?[/quote]In July and August the price of gasoline peaked at roughly $3.90 per gallon in the Austin area, with a variance of as much as 10 cents a gallon in other parts of the state.  Since then the price has fallen back to $3.50 per gallon, although it jumped up to $3.60 a gallon as a result of Hurricane Ike.  I expect it will decline again as the refineries that were shut down to ride out the storm come back on-line.Ridership on my bus line, as well as across the board for Capital Metro in Austin and DART in Dallas, is up by 12 to 15 per cent over last year.  Based on my observations, which are not supported by any hard data, there has been a little slippage in ridership but not much.  If the price of gasoline stays in the $3.50 to $3.60 range, I suspect that many people who have parked their cars in favor of public transit will leave them parked.  However, if the price of gasoline falls below $3.00 a gallon, I think that there will be some erosion in public transit ridership in Texas.  Most Texans, if they can afford to drive, will do so.  This is partly due to culture and partly due to poor public transit systems in most of the state's cities.
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