Whether it is the winter months or the ever increasing gas prices, bus ridership in most parts of the state is up. Even those who own cars have given up driving and have begun taking the bus. The Chittenden County Transportation Authority (CCTA) Montpelier - Burlington link has seen a 29 percent increase in ridership since last July. From fiscal year 2006 to fiscal year 2007 this specific route saw an increase of 5,670 riders and this January the route recorded a record 5,000 riders. For commuters. riding the bus is economical and responsible says those interviewed. For the CCTA increased ridership is a powerful argument for increased funding. For daily commuters located in select areas of Vermont riding the bus, the price is right, but what about longer trips out of state, is mass transit still the way to go? [Sources: Times Argus Article 1 & Article 2]
Ridership Up!
Whether it is the winter months or the ever increasing gas prices, bus ridership in most parts of the state is up. Even those who own cars have given up driving and have begun taking the bus. The Chittenden County Transportation Authority (CCTA) Montpelier - Burlington link has seen a 29 percent increase in ridership since last July. From fiscal year 2006 to fiscal year 2007 this specific route saw an increase of 5,670 riders and this January the route recorded a record 5,000 riders. For commuters. riding the bus is economical and responsible says those interviewed. For the CCTA increased ridership is a powerful argument for increased funding. For daily commuters located in select areas of Vermont riding the bus, the price is right, but what about longer trips out of state, is mass transit still the way to go? [Sources: Times Argus Article 1 & Article 2]
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This is a perfect example of how simple price adjustments can influence behavior patterns. Many argue that the demand for for gasoline is perfectly inelastic - or, as price increases quantity used remains the same. I think the facts in this article do not support this reasoning.
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