Depending on "how you count the months," it's either been eight months or five months since the lock downs began.
Re-posting:
We'll get the latest US gasoline demand numbers later, but from the PR Newswire: 61 million Americans have stopped commuting due to Covid-19. Link here. Only one in four are back to their regular commutes as of August, 2020.
Spin-offs:
- fewer tires bought; fewer batteries replaced; less maintenance overall;
- fewer fender-benders; fewer deer hit; fewer windshield chips due to thrown gravel;
- lower insurance rates;
- lower automobile repair rates; less money paid out of pocket for deductibles;
- lower gasoline demand:
- excess gasoline leads to lower prices per gallon
- less driving leads to fewer gallons bought
- parking garages in major cities noting decreased revenue;
- less congestion in major cities (and fear of mass transit) leading some older adults to buy their first car ever;
- less shopping and less dining out overall (mostly due to lockdowns but also people less inclined to drive in the first place)
- folks will put off new-car purchases until they really need a new car;
- car sales way down;
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