Effects of Rising Gas Prices on Mass Transit

Posted by    |    March 15th, 2011 at 4:15 am

New Report from American Public Transportation Association — If regular gas prices reach $4 a gallon across the nation, as many experts have forecasted, an additional 670 million passenger trips could be expected, resulting in more than 10.8 billion trips per year. If pump prices jump to $5 a gallon, the report predicts an additional 1.5 billion passenger trips can be expected, resulting in more than 11.6 billion trips per year.  

NOTE — What would this mean for transit oriented development? for our urban areas and increasing density in the urban core?  This is something we should be planning for.