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Demand for Gas Down, But Just Barely Demand for gas has dropped only slightly since last year, despite the average gas price now hovering around $4 a gallon. Oil economist Philip Verleger says people are cutting back on driving in lots of little ways, but that significant lifestyle changes take time.

Economy

Demand for Gas Down, But Just Barely

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Demand for Gas Down, But Just Barely

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Demand for gas has dropped only slightly since last year, despite the average gas price now hovering around $4 a gallon. Oil economist Philip Verleger tells Scott Simon that people are cutting back on driving in lots of little ways, but that significant lifestyle changes take time.