Here is a nifty chart from consumer/retail analysts at NPD …

So American consumers are changing their driving habits. The problem is that consumers in India and China are changing their driving habit too — driving a lot more. In fact, the number of cars on the road could double by 2050.
So unless we change our driving habits faster than they change theirs, the price of oil will continue trending higher.
Related Posts
- Consumers Go Down While Commodities Go Up (06/05/08)
- More Evidence That Peak Oil Crisis Looms (05/28/08)
- Is China on the Rocks or Not? (09/10/08)



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