[lbo-talk] traffic news

Michael Smith mjs at smithbowen.net
Wed Jun 11 21:56:23 PDT 2008


On Wed, 11 Jun 2008 15:16:46 -0400 Doug Henwood <dhenwood at panix.com> wrote:


> > Even if fuel hits $5 a gallon, he said, congestion will
> > merely thin at the margins -- meaning shorter rush hours -- rather
> > than evaporate. "I think the price at which people will stop
> > driving is much higher," he said.
> >
> > In central London, car traffic has dropped 20% since 2003, when the
> > city began charging motorists a fee of about $16

IIRC our pal Charlie Komanoff has calculated that to get the equivalent effect of a $16 congestion charge in New York City, gas would have to cost $28 a gallon.



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