“Wow, it’s only $2.20 a gallon over here!”
“Remember when it was $3.20 a few months ago?”
From the late 2000s until recently, gas prices were consistently on the rise. A more recent downward slide may have some consequences: though cheap gas prices might be lighter on the wallet, individuals might be at greater risk for car accidents.
In an article from MN-based Star Tribune, Tim Harlow discusses research conducted by Guangqing Chi of the South Dakota State University’s Department of Sociology and Rural Studies. A professor and demographer whose specialties include the sociology of transportation, Chi had studied data on gas prices and overall traffic safety in Minnesota from 1998 to 2007. His team found that “a 20-cent drop in gas prices resulted in 15 more fatalities a year. Conversely, he found that a 20-cent increase would bring a decrease of 15 deaths annually.”
Using similar methodology with study data from Alabama and Mississippi, Chi has found that teens are more impacted by high gas prices, driving less frequently when prices go up. Their road reticence when costs are high, Chi’s study asserts, may lead to safer streets. Beyond driving less often, Chi says, when gas prices rise, “we suspect people drive more carefully.” For now, go ahead and put the pedal to the metal—just, you know, don’t throw all caution to the wind.