From Prices and energy use over a Econbrowser:
More evidence that yes, rising prices change consumers' behavior.
The Oil Drum notes that hourly traffic count data compiled by the Federal Highway Administration suggest that the August gas price increases held U.S. highway travel in August 2005 to the same level as in the corresponding month of 2004, while the September price spikes led to a significant drop in car travel ...
And check out the comments. There is an interesting discussion assertion about how conservatives (read Republican politicians) understand demand and supply and liberals (read Democratic politicians) don't. Ugh.
