Gas Prices

In a story about the housing downturn, BusinessWeek had some numbers crunched to see where home prices have remained most stable and where they have declined most precipitously:

Transit agencies all over the country are nearing a state of emergency. At the same time that rising gas prices are leading more Americans to opt for buses and trains, transit operators are being forced to cut service and raise fares due to budget shortfalls.

This AM New York cartoon, currently making the rounds on e-mail, was surely a ridiculous exaggeration when first published in 2004. But it's not as far off the mark today. As the Times reports, Florida is the latest state to start giving away free "gas for life" as a lottery prize. And though the jackpot, in reality, is $2,600 in prepaid gas cards every year until the winner's death, some Floridians say they would prefer that prize to the game's $250,000 cash payout, regardless of which would actually be more valuable.

It's the New Math: a dollar-a-trip rise in the cost of fuel for a car trip to Manhattan is cutting traffic almost as much as Mayor Bloomberg's eight-dollar toll plan would have done.

Ruben Bolling

Not exactly Errol Morris, we know, but the sentiment is there.

Given the New Jersey Nets' lackluster season (34-48 record, no playoff berth), the franchise is taking a page from another under-performer to unload tickets for next year. That's right: buy 2008-2009 season tickets and the Nets will return 10 percent of the cost in the form of "free" gas, which fans will presumably burn up on the way to all those home games. 'Cause with the Nets, it's not about winning or losing, or even how you play. It's about the free gas.