Working from home to help with lowering the price of gas.

in #commodities3 years ago

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  • 45% of people worked remotely during the peak of COVID.
  • 17% of people worked from home in 2019.
  • 25-35% is the current projection for work from home.

26 minutes is the average commute to work for those driving.
52 minutes a day round trip.

With a mix of highways and more residential roads, it’s estimated an hour commute is about 40 miles total.

Gas averages one gallon for 25 miles.

1.6 gallons for a daily commute on average.

$4.56 a gallon is the average price of gas nationally.

  • $7.29 a day
  • $36.48 a week
  • $145.92 a month
  • $1,751 a year

That’s the average cost just to get to work for drivers, not factoring in insurance, car maintenance or the car itself.

130 million Americans drove to work in 2019.

Assuming they did that those numbers, the cost to getting to work at 2019 levels would be 227 billion a year.

That alone would have been about 25% of gas spending in 2019 or about 10-15% today.

This is why work from home is important.

The more people working from home and the smaller the demand is for gas, which could help create lower prices for everyone.

This is pretty simple and obvious info, but just helps visualize how work from home shouldn’t be something to fight.

57% of workers preferred it in recent polls and for families, it goes over 70% in certain regions.

The case to try and push people back into the office is a case to raise gas prices in an economy which can’t afford an extra penny on gas prices.

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