On 16 Mar 2005, Richard Adamfi wrote:


Tom Anderson wrote:

Actually, the real cost of motoring *has* gone down, hence (partly)
the growth in the number and length of car journeys.

I didn't realise that! How the hell did that happen?

According to:

http://www.barrydoe.co.uk/2004.pdf

Between 1970 and 2004:

Inflation has gone up 10 times
Price of petrol has gone up 11 times
Average earnings has gone up 19 times

So, the price of petrol has, in real terms, been virtually static,
whereas average earnings have gone up almost twice as much as the price
of petrol.

Therefore, combined with the huge improvement in vehicle efficiency,
the average person can 'afford' to travel a lot more by car in 2004
compared with 1970.

Ah, i see. I think that means the real cost of motoring has stayed the
same, whereas real incomes have gone up. Different ways of seeing it, i
suppose. Coupled with the much higher rise in public transport prices, it
certainly means it's got cheaper relative to public transport, which is
what matters.

tom

--
I know you wanna try and get away, but it's the hardest thing you'll ever know