Substitution Effects and the High Price of Petrol
The price of gasoline in England is roughly twice what it is in North America. As a result, people drive smaller cars and drive less. Many people have chosen to take the train and ride bicycles, as is obvious in this photograph taken at the bicycle parking area of the Oxford train station:
Category: Economics, Energy, Photographs Posted on
Wednesday, July 4, 2007 at 1:06am
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It was one of the country's major towns in the medieval period, and has not been redeveloped as much as London (no Great Fire, for one thing).