At what oil prices will you stop driving?
March 19, 2009 9:17am CST
Petrol price is now pretty low - touching rock bottom in the past few months, but about 4-6 months back, we were seeing oil sky-rocketing up and over $130 per barrel. Because petrol was subsidized in the country, it had hardly much effect in the number of private vehicles out in the roads, and public transport just demanded more per ride - and people were happy to give it. For my part, it used to be about Rs 30 per liter, which nearly touched Rs 50, today's US $1. This was high enough, but not enough to switching to public transport as the distances traveled was pretty short. If it had continued to climb upto Rs 60 per liter, one would have to give up private cars and taxis and use the public transport as much as one could. What oil prices could have made you give up driving your own car to work?
19 Mar 09
I just bought a car 6 months ago when petrol prices peaked here in India. Now its actually much lesser I am happy. I do not drive much, but if prices go over Rs 55-60 per liter i will cut down on my highway trips. I'll still use it inside the city.
19 Mar 09
Even when oil prices were extremely high, it didnt really stop me from going anywhere, let along driving. I just figure gas is something I need to drive my car, and whether its .10 a liter or 3.00 a liter I will have to still take my kids to the doctors, or get groceries, or something of the such. Public transportation is not available where I live, so you have to kinda just live with the gas prices.