Soaring Gas Price Will Push Millions Off the Road, Says CIBC Report
Soaring world oil prices will drive the cost of gasoline in the U.S.
into the stratosphere by the next two years, forcing many
Americans off the road and drastically altering the driving
habits of millions more, according to a report released Thursday by CIBC
World Markets.
American driving habits will have to undergo a massive
change, they say, “mimicking the driving habits
Europeans who have faced much higher gas prices.”/p>
The most fundamental, and unprecedented, change will be in the number
of vehicles on the road, they contend…
Original post by Mortgage News Daily - Mortgage And Real Estate News
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