With oil plunging to record lows, and the average retail price for gas sinking to less than $2, will Americans rekindle their love affair with trucks and SUVs?

Falling gasoline prices are putting extra money in the pockets of consumers, but there is also some concern that drivers may return to their gas-guzzling vehicles.

Are you taking advantage of cheaper gas prices? Could this be the second coming of gas-guzzling vehicles, or is this simply a brief reprieve? Share you cheap gas strategies.

It’s become a truism that Americans are driving less due to high fuel prices. Here are five signs that signal a decline in demand:

1. Drop in volume: The fall in U.S. oil demand in the first half of 2008 was the biggest in 26 years, according to the EIA.

2. Less time on the road: Americans are spending less time behind the wheel, according to the Dept. of Transportation

3. Taking the train : A record number of riders are turning to mass transit to get around

4. Fewer buying gas : Retail gas sales have dropped below year-ago levels

5. Safer roads : Fewer drivers mean fewer road accidents, according to Warren Buffett. Berkshire Hathaway is the parent company of Geico, one of the largest U.S. auto insurers.

Is the writing on the wall? Share your signs of dropping oil demand.

For full coverage of the oil market, click here.

President Bush is urging Congress to end a decades-old ban on offshore oil drilling in response to consumer anxiety over record-high gas prices.

“Every American who drives to work, purchases food or ships a product has felt the effect. And families across our country are looking to Washington for a response,” Bush said.

The push by Bush and Republican presidential candidate John McCain to lift the ban could find plenty of support. About 60 percent of Americans surveyed in a Reuters/Zogby poll said they would favor government efforts to boost domestic drilling and refinery construction.

Roughly the same amount said they would back efforts to reduce domestic demand through tougher fuel-efficiency standards.

Do you favor more U.S. oil drilling?

For more on the rising cost of oil, click here.

Presidential candidates John McCain and Hillary Clinton want to suspend the gas tax for the summer to offer drivers some relief from record fuel prices. President Bush said this week that he was willing to consider a fuel tax holiday.

Barack Obama opposes the idea, saying it would not amount to much. House Democratic leaders have also shown little support for suspending the gas tax. Some experts say that a gas tax holiday wouldn’t help drivers much if service stations don’t pass on the savings to consumers.

Do you support a gas tax holiday this summer?