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	<title>Payday Loan and Cash Advance Financial News Blog &#187; Driving</title>
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		<title>No More Payday Loans for Gas as Prices Drop</title>
		<link>http://personalmoneystore.com/moneyblog/2009/01/02/no-more-payday-loans-for-gas-as-prices-drop/</link>
		<comments>http://personalmoneystore.com/moneyblog/2009/01/02/no-more-payday-loans-for-gas-as-prices-drop/#comments</comments>
		<pubDate>Fri, 02 Jan 2009 20:26:14 +0000</pubDate>
		<dc:creator>Elizabeth Fairchild</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Lifestyles/Leisure]]></category>
		<category><![CDATA[Driving]]></category>
		<category><![CDATA[energy]]></category>
		<category><![CDATA[gas prices]]></category>
		<category><![CDATA[Payday Loans FAQ]]></category>

		<guid isPermaLink="false">http://personalmoneystore.com/moneyblog/?p=11347</guid>
		<description><![CDATA[Some people might have had to apply for payday loans to buy gas in July, but that certainly isn't the case today. Average price is $1.62, a big improvement.]]></description>
			<content:encoded><![CDATA[<p>Some people might have had to apply for <strong>payday loans </strong>to buy gas in July, but that certainly isn&#8217;t the case today. Though gas prices are slowly creeping back up after hitting four-year lows, the average price today is $1.62. That&#8217;s certainly an improvement from the $4.11 peak in July.</p>
<p>Some interesting phenomena grew out of the crazy fluctuations in gas prices. Here are some of the ways in which gas prices affected behavior in our country.</p>
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<dt class="wp-caption-dt"><a href="http://commons.wikipedia.org/wiki/Image:Transantiago_bus_articulado.jpg" rel="external"><img title="Trasantiago in Chile ." src="http://upload.wikimedia.org/wikipedia/commons/thumb/d/d8/Transantiago_bus_articulado.jpg/202px-Transantiago_bus_articulado.jpg" alt="Trasantiago in Chile ." width="202" height="152"  style="display:block;float:right;border:none;"/></a></dt>
<dd class="wp-caption-dd zemanta-img-attribution" style="font-size: 0.8em;">Image via <a href="http://commons.wikipedia.org/wiki/Image:Transantiago_bus_articulado.jpg" title="Wikipedia" rel="external">Wikipedia</a></dd>
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<h2>&#8216;Bus people&#8217; becomes bigger demographic</h2>
<p>As people probably suspected, <a title="Read article" href="http://money.cnn.com/2008/12/08/news/economy/public_transport/index.htm?postversion=2008120812"  rel="external">public transportation</a> became more popular when gas prices skyrocketed in the summer. From July to September, ridership was up 6.5 percent compared to last year.</p>
<p>The interesting thing is what happened to public transportation ridership when gas prices shot back down: Nothing.  Well, not nothing, but not much. Many people chose to continue using public transportation after gas prices went back down just because they had grown used to it.</p>
<p>My thoughts? In the past, some categories of people looked down on &#8220;bus people,&#8221; and buses had a <strong>bad reputation</strong>. People viewed riding the bus as low-class. When gas prices pushed more people of different demographics onto the bus, the stigma was dropped when people realized how many benefits come with riding the bus. Number one benefit: Not paying or looking for parking.</p>
<h3>Driving: Not so popular anymore</h3>
<p>Obviously, if more people are still using public transportation, <a title="Read article" href="http://money.cnn.com/2008/12/12/news/economy/driving_decline/index.htm?postversion=2008121212"  rel="external">fewer people are driving</a>. But it isn&#8217;t just the bus people who are cutting down the driving statistics. Americans as a whole are simply driving less, even though they don&#8217;t need <strong>payday loans </strong>to afford gas anymore.</p>
<p>Between November 2007 and October 2008 Americans drove <strong>100 billion miles</strong> fewer than they did last year. The Department of Transportation has called it the most dramatic continuous decline in history.</p>
<p>I think this phenomenon can be attributed to a combination of increasingly educated citizens when it comes to energy use, gas prices and continued attention in politics focused on energy efficiency and the environment.</p>
<h3>Talk about a tax hike</h3>
<p>While less driving is good for the environment, it&#8217;s not good for state budgets. As Americans buy less gas, that means they are paying less in <strong>gas taxes</strong>. In fact, driving has declined so much that the federal commission that oversees financing for transportation is considering a <strong>tax hike</strong>.</p>
<p>Money from gas taxes goes toward highway and public road construction and repair. The commission is urging a <strong>50 percent</strong> increase in the gas tax to ensure these services will continue to be funded.</p>
<h3>The man behind the pump</h3>
<p>A gas tax hike will only make things worse for <a title="Read article" href="http://www.cnn.com/2008/LIVING/wayoflife/12/31/aa.confessions.gas.station.owner/index.html"  rel="external">already struggling</a> gas station owners. Gas stations only make <strong>30 percent</strong> of their profit from gas, even though gas constitutes <strong>70 percent</strong> of their sales. The majority of their profit comes from buying food and other goods inside the store.</p>
<p>Traffic is everything for gas station profits. When more people buy gas, more  come inside and contribute to the station&#8217;s profits. As more and more people are skipping trips to the gas station, profits are falling, falling, falling.</p>
<p>If these trends continue, it might be gas station owners applying for <a title="Visit Personal Money Store" href="http://personalmoneystore.com/" >payday loans</a>.</p>
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