In the United States, oil demand is projected to grow by 340,000 barrels per day this year and gasoline demand is projected to grow nearly two percent, averaging 9.3 million barrels per day for the summer. ↗
Along with you, I have witnessed the unfortunate rise in gasoline prices that has accompanied the summer driving season and the more recent spike in prices due to Hurricane Katrina. ↗
The only way people are going to change their car buying habits, and the only way government will get behind alternatively fueled vehicles, is if gasoline prices continue to go up. ↗
Simply put, drilling in ANWR would be expensive, environmentally devastating, and would do very little to fix our energy crisis or to bring down the price of oil and gasoline. ↗
With the increased cost of gasoline, it doesn't appear that we're going to see a slowing of interest in mass transit. I think it's going to continue to grow. ↗