Gasoline prices at the pump are off their all-time highs, but they remain well above prices just six months ago. Filling an SUV gas tank can run well over $100. People are feeling the pain and looking for ways to balance their budget as fuel costs are taking a bigger chunk out of their paychecks. Yet, economic laws influence decisions, and when prices go up, demand may fall, particularly if the commodity is discretionary, captured by the elasticity of demand. For some, transportation is a necessity, which means that demand may be tempered, but not eliminated. So, what are some unintended consequences of surging oil prices? Better personal health: Discretionary travel can be unde
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