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Americans drive less for first time in 25 years.

HOUSTON - High gasoline prices not only slowed fuel demand growth and cut sales of gas-guzzling vehicles in 2005, they also prompted Americans to drive less for the first time in 25 years, a consulting group said in a report Thursday. The drop in driving was small - the average American drove 13,657 miles (21,978.8 km) per year in 2005, down from 13,711 miles in 2004 - but it is more evidence that the market works and prices help control consumption, Boston-based Cambridge Energy Research Associates said. "Price matters," CERA Chairman Daniel Yergin said.

Americans drive less for first time in 25 years.
xcel, Nov 30, 2006
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