I remember the shock of first arriving at Temple University's campus for teaching and graduate classes in the late nineties, and my late twenties, having only been a driver and car owner for two of the eleven years I was eligible for such, and seeing the sea of student cars on campus. I learned to park in the gravel lot near Anderson Hall, which was full of aged clunkers and economy makes just like mine.
It's been reported that the average car on the road today is nine years old, and I would not be surprised if the median vehicle is still getting older although my understanding is that favorable lease terms have helped get new auto sales booming again. Anyway, in old or new cars, we are still a driving people, and so many will be cheered by this May dip in gas prices to below $3. For some, commuting to and from work on wages already lost to transportation costs, it will feel like a blessing.