Author Topic: As many Americans stopped commuting, traffic remains reduced  (Read 1034 times)

Mackin USA

  • Inner Core
  • Hero Member
  • *
  • Posts: 2905
  • Abstract Artist
    • View Profile
As many Americans stopped commuting, traffic remains reduced
« on: August 28, 2020, 10:57:48 AM »


    About three in 10 consumers with a motor vehicle said they no longer have a commute due to COVID-19, either because they’re working from home (19%) or they were laid off or furloughed (10%).
    The number of drivers who get gas weekly dropped by 26% in August versus prior to the pandemic. In January and February, 43% of drivers said they filled up at least once a week, but just 32% said they currently do so that frequently. At the same time, the number of drivers who fill up their tank less often than once per month doubled from 4% to 8%.
    More than a quarter of drivers made cost-cutting changes to their auto insurance amid the pandemic. About 14% switched to another provider that was offering better deals, 12% reduced the amount of coverage since they are driving less and 3% took one of their household’s vehicles off the policy because their family is using fewer cars.
    More than one in six consumers stopped using rideshare services like Lyft and Uber altogether due to the pandemic. An additional 13% said they’re still using those services, but much less frequently.

https://www.valuepenguin.com/commutes-plummet-after-coronavirus#commute

Mr. Mackin

littleman

  • Administrator
  • Hero Member
  • *****
  • Posts: 6558
    • View Profile
Re: As many Americans stopped commuting, traffic remains reduced
« Reply #1 on: August 28, 2020, 04:06:25 PM »
Just one of many ways covid has sapped this economy.  So much of the US economy is wrapped up in service industries and our complete mismanagement of the virus is going to prolong the downturn.   Larry Kudlow is writing fan fiction about a V shaped recovery.

ergophobe

  • Inner Core
  • Hero Member
  • *
  • Posts: 9325
    • View Profile
Re: As many Americans stopped commuting, traffic remains reduced
« Reply #2 on: August 28, 2020, 04:42:39 PM »
>>Larry Kudlow is writing fan fiction about a V shaped recovery.

 :) That's a very kind way to put it. I think the best analysis of the RNC I've seen so far argues that it is basically a loyalty test. Kudlow passes.
« Last Edit: August 28, 2020, 08:19:27 PM by ergophobe »