Wednesday, August 04, 2010

Economic update

If the EIA report on monthly gasoline usage is any indication, Americans are still not driving like they did back in 2007.  I would therefore assume that commuting, and the economy as a whole, has not yet picked up.

Ironically, since official unemployment statistics are predicated on who is taking unemployment insurance--and it's run out for many--gasoline usage may be a better measure of the economy as a whole than unemployment rates.   

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