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We learned that higher gas prices, for example, had a large and sustained impact on driving behavior. After growing steadily for decades, vehicle miles traveled
by panic 10y ago
We learned that higher gas prices, for example, had a large and sustained impact on driving behavior. After growing steadily for decades, vehicle miles traveled per person peaked and declined after 2005 (as gas prices shot up). This produced knock-on changes in housing markets, and helped accelerate the move back to cities.
It's too bad raising these prices intentionally using taxes is so difficult!