Climbing Gas Prices, Slipping Dow: A Connection
This week the price of regular gasoline in my village at the top of Lake Michigan reached $2.60 a gallon, about 62 cents a gallon more than in January. Late last month, the Dow Jones experienced the steepest drop in years. Are the two connected? You bet. You might also ask how these two trends are linked to the American Mode Shift, the transformation of metropolitan regions into cleaner, greener, more energy-efficient, more prosperous places? Here’s how. Oil is and will remain the …