Friday, August 22, 2008
53.2 Billion Miles
CNBC has an interesting article about the reduced gasoline consumption in the US. According to it in the last 9 months Americans drove about 53.2 billion miles less than the previous year. Its a good statistic for those who believe that gas prices and consumption are totally inelastic. It also brought up that companies like Amtrak and Amazon.com are doing well as expected and Circuit City isn't. I think that brick mortar stores are going to continue to get hit as more and more people get comfortable buying things online. Lets face it, its hard to beat shopping for stuff sitting on your couch in your underwear.
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2 comments:
Unless you are female... sometimes there is just something fullfilling about shopping at the store and actually having what you want in your hands right then and there, even if it is something you didnt know you even wanted in the first place. It must be some weird female pysch thing.
i'm with T on this one, but I do my fair share of shopping online and in the store, I don't suggest combining shopping in the store still in your underwear however
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