High Gas Prices Do Not Stop Traffic

Source: RealClearPolitics
by Froma Harrop

“It’s easy to find people who say gas prices will keep them from driving. They’re on the roads. That is an early hint that the ‘crisis’ of high prices at the pump is less dramatic than the testimonials make it. And if history is any guide, it is temporary. Florida is seeing a record number of tourists. They are driving, and they are flying in, having bought air tickets made extra expensive by the high cost of jet fuel. The Transportation Security Administration, which oversees airport security, expects travel this season to match or even exceed the pre-pandemic levels. And Florida is surely not alone. … A recent Longwoods International Travel Sentiment study has two-thirds of American drivers saying that higher gas prices would factor into their decision about traveling the next six months. But only 6% of those surveyed said they are actually canceling trips because of it.” (06/15/22)