• Most Popular
  • Most Shared
A shopper browses the bread section at a Wal-Mart store in Santa Clarita, California April 1, 2008. REUTERS/Mario Anzuoni

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

Facing $4 gasoline, more Americans take mass transit

NEW YORK
Mon Jun 2, 2008 9:56pm EDT

Related Video

Video

Consumers are conserving

Mon, Jun 2 2008

NEW YORK (Reuters) - More Americans are leaving their cars at home and jumping on buses, trains, and trolleys as retail gasoline prices approach $4 per gallon, according to a report released Monday by the American Public Transportation Association.

U.S.

American mass transit use increased 3.3 percent during the first quarter of 2008 while Americans drove 2.3 percent less during the same period, the report said.

The trend builds on last year's record increases when U.S. mass transit use reached a 50-year high as consumers tried to temper the impact of soaring gasoline prices.

"More and more people have decided that taking public transportation is the quickest way to beat the high gas prices," APTA president William W. Millar said in a press release.

"There's no doubt that the high gas prices are motivating people to change their travel behavior," he added.

Average retail gasoline prices have topped $4 per gallon in 13 states and are running about 25 percent higher than last year, according to travel auto group AAA.

Travel on light rails, which includes streetcars and trolleys, showed the highest increase with a 10.3 percent bump in ridership, according to APTA.

Commuter rails came in second with a 5.7 percent increase in usage during the first quarter in large metropolitan areas. Seattle's commuter rail system had the highest jump with nearly 28 percent more riders in the first quarter.

Buses had the least increase in ridership at 2 percent, although cities with populations under 100,000 saw a large increase -- 7.8 percent -- in bus ridership.

(Reporting by Rebekah Kebede; editing by Jim Marshall)



More from Reuters

Photo

Obama blames "systemic failures" for plane attack

KANEOHE, Hawaii (Reuters) - President Barack Obama on Tuesday blamed "human and systemic failures" for allowing a botched Christmas Day attack aboard a Detroit-bound airliner and a U.S. official said the incident was linked to al Qaeda. | Video

A man passes by a logo of the Tokyo Stock Exchange at the bourse in Tokyo December 29, 2009. REUTERS/Yuriko Nakao

Toyko trade gets turbocharged

The "Arrowhead" gives Asia's largest -- and long derided -- bourse a viable electronic trading platform, it hopes.  Full Article 

REUTERS/James Saft

Welcome to the "Teenies"

Shrinking financial sector? Paltry investment returns? Welcome to the the next decade. Don't worry, there's some good news, too.  Commentary