Views on commodities and energy
American drivers hitting the brakes?
Americans are notorious for their love of the open road, but it seems like high gasoline prices and a souring economy are cooling the affair.
A U.S. government report on Monday showed U.S. drivers cut the number of miles they traveled by 3.7 percent — the biggest drop for the normally travel-heavy month on record.
Signs of weakenening energy demand in the United States and Europe have been credited with a $23 decline in oil prices since mid-July.