[mysterio]

When I see traffic down 20-30%

Us regular folk still have to drive to work regardless of the price.

The better indicator is what discretionary spending is doing. Because those of us with no choice except to drive have made the cut in discretionary spending. If you think you can run an economy with a large percentage of us cutting discretionary spending back to almost nothing, good luck.

[Sunnyflorida]

“Us regular folk still have to drive to work regardless of the price.”

But clearly that is not what is happening. People with less than caddies are all over the place.