The One Percent Crimp
By TC on May 16, 2008 | In News | Send feedback »
Make that nearly one percent
High fuel prices are prompting many Americans to reconsider their Memorial Day travel plans, AAA says.
The automobile club released a survey Thursday projecting that the number of Americans traveling more than 50 miles from home over the long holiday weekend will fall nearly 1 percent from last year.
< 1 % = many
Gas prices have risen about 22% since this time last year. Granted that's a pretty steep hike. But a 22% increase in gas prices translating to less than 1% decrease in travel over 50 is hardly noticeable. So minuscule it's not even worth reporting.
Waitaminute...
Instead of spinning matters to be a negative, why not look at the situation from a "glass is half full" perspective?
If our economy can absorb such a significant inflation in a necessary commodity and pretty much shrug it off then I think we're doing pretty darn well - particularly in the context of the real estate bubble and inflation of food prices. 1>Trackback address for this post
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