Who wins with high gas prices? Trains!
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Oil hit $120 a barrel today, and the financial pundit class is talking about $200 oil. To quote the wisdom of Mr. T: “My prediction… is pain.”
High oil prices and travel generally don’t mix. But is there any segment that stands to benefit?
Apparently so. Trains!
As the price of fuel skyrockets, more people are traveling to North Carolina’s major cities by train. Ridership on Amtrak is up as much as 40 percent on some routes compared to last year.
40%? Pretty substantial. Perhaps enough to offset the higher cost of diesel.
But how widespread is this as a trend? It’s more likely a phenomenon on shorter, regional routes that would otherwise have been driven. Except for a few diehards, and some gluttons for punishment, most aren’t choosing to take Amtrak from California to Chicago.
Trains becoming more a part of your travelin’ life? Hit the comments.
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