Cheap gas may not lead to drop in transit ridership, experts say
Cheap gas may not lead to drop in transit ridership, experts say
- January 20, 2015
- Jan Brueckner, economics professor, is quoted by the Los Angeles Times Jan. 20, 2015
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From the LA Times:
The effect of cheap gas on transit hasn't been studied as rigorously. Experts say
that's because gasoline prices crater so rarely that there aren't many opportunities
to dig into the data — and because economists know what to expect…. "Taking transit
versus driving here basically depends on whether you're rich or you're poor," said
Jan K. Brueckner, a UC Irvine professor who studies urban economics. "The margin of
transit riders affected by lower gas prices is very narrow."
For the full story, please visit http://www.latimes.com/local/california/la-me-california-commute-20150120-story.html.
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