As gasoline prices rise, Americans drive fewer miles to save a few bucks. According to a study by Mississippi State’s Social Sceince Research Center, rising cost of gas has resulted in a decline in traffic accidents which includes alchohol related accidents.
Not only that, gas prices also have a short-term impact and intermediate-term impact. Short term refers to immediate effects, such as how a current month’s average gas prices affect the same month’s traffic accidents, whereas long term refers to effects over a one year subsequent time period.
Despite all that, there is still good news. By driving less, you’re saving money on gas and fewer auto accidents will even help lower your auto insurance premium.
Learn more about the study by visiting the full article at ClaimsJournal.