Gas prices have pushed higher above $4 a gallon and risen to a fresh record high, auto group AAA's Web site showed Tuesday.My Comments: Demand curves slope downward. Image that.AAA reported the national average price for a gallon of regular unleaded gasoline rose to $4.043, up 2 cents from the previous day's high of $4.023. This is the fourth consecutive increase and the third straight record for gas prices...
A CNN/Opinion Research poll released Monday showed that 86% of respondents believe gas prices will top $5 a gallon sometime this year.
In the face of soaring gas prices, many Americans say they have changed their driving habits. A full 66% said they are cutting back on the amount of driving they do and 71% indicated that they are considering buying a more fuel-efficient vehicle...
Economics, as a branch of the more general theory of human action, deals with all human action, i.e., with mans purposive aiming at the attainment of ends chosen, whatever these ends may be.--Ludwig von Mises
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