With the rising cost of gas, we're starting to see a real shift in the way people drive and consume. Interest in gas saving techniques is rising, smaller cars are gaining market share, hybrid cars are selling faster than ever, and now people are just buying less gas than they used to.
Green Car Congress is reporting the State Board of Equalization (BOE), which monitors gas consumption through tax receipts has released the numbers on January. And gas sales were down by 58.2 million gallons than last January. But that's just a continuation in the trend, since sales in 2007 were down 0.97% than 2006.
But for those of you who are worried how that affects tax revenues, don't worry. Since the price of gas has risen so much, sales taxes have actually increased.
GCC has a remarkable graph on the trend in sales, so head over and take a look. The graph is based on the report from the BOE.
Wednesday, April 30, 2008
California is Buying Less Gas
Hybrid Research and Pricing at Edmunds.com
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