(Image via NY Times)
We start off our best-of-the-web recap today with several stories about car ownership and car culture…
— It seems to be getting more and more expensive to own a car. A few weeks back we shared that the annual cost of ownership had passed $10,000 (in Canada), now this week comes news that the price of gas accounts for the largest shared of household income in 30 years.
— And if that’s not enough, a study from the Texas A&M Transportation Institute found that America loses $121 billion in wasted time and fuel from sitting in traffic: That’s an average of $848 per capita (not to mention the dire environmental impacts).
— And to make matters worse, another new study has found that when you fill up at a local gas station, a whopping 66% of your cash goes to oil company coffers, “while very little of the remaining cash goes into the local economy.”
