SAN FRANCISCO (CBS SF / AP / CNN) – If COVID-19 weren’t enough to cushion most families in San Francisco Bay, a trip to the gas pump can also have a lot of doubts about a road trip to a Northern California getaway destination. According to Trilby Lundberg of the Lundberg Survey, the average US price of regular gasoline has risen slightly by less than a cent over the past two weeks to stand at $ 2.25 per gallon. This is 56 cents lower than the average pump price a year ago. Lundberg said it was the smallest price hike since the end of April. She said crude oil prices have remained stable and the U.S. gasoline supply is plentiful to meet demand. Nationwide, the highest average price for regular gasoline is in the San Francisco Bay Area at $ 3.27 per gallon. The lowest average is in Baton Rouge at $ 1.79 per gallon. Meanwhile, the Automobile Association of America has released a travel forecast for summer 2020 from July 1 to September 30. According to AAA, Americans will take more than 700 million trips in July, August and September, down 120 million trips from 2019. In an alternate universe where the pandemic has never hit, the company said, AAA “Would project 857 million trips in the third quarter, an increase of 3.6% over last year. According to this analysis, the pandemic wiped out nearly 150 million person-trips this summer. The overall 14.6% drop in travel is mainly attributable to reduced air travel. “The expected air travel volume of 15.1 million will be 74% lower than last year’s levels,” the company said in a statement. With respect to other modes of public transportation, the AAA forecasts predict that bus, train and cruise ship travel “will experience a similar decline as air travel, as the expected volume of travel is expected to decline. of 9.3 million is 86% below the level observed in 2019. ” Although the overall numbers are surprisingly low and this is the first drop in travel volume since 2009, the forecast for car trips is only down 3%. “Americans will be going out and exploring this summer even though they take a wait-and-see approach to reservations and are likely to book more long weekends than extended vacations,” said Paula Twidale, senior vice president of travel at AAA in the version. The AAA’s summer travel forecast also includes data on the destinations their users are looking for this summer, based on searches on their website, TripTik.AAA.com, between March 15 and June 14. The # 1 destination is Denver, followed by Las Vegas and Los Angeles. © Copyright 2020 CBS Broadcasting Inc. All rights reserved. The Associated Press and CNN contributed to this report. .
AAlso important to innovation in the US is high-productivity metropolitan areas, such as Silicon Valley, New York, Boston, Seattle, and Austin, Texas, where knowledge-based clusters grow, usually around universities. Engineers, academics, investors, designers, computer scientists, and supply chain managers blend in with various companies, share ideas, have a lot of coincidences, and encourage one another in ways that make entire groups more productive and creative than individuals. isolation. “The ten most innovative cities in the United States,” a latest research papers show, “accounts for 23 percent of the national population, but for 48 percent of patents and 33 percent of gross domestic product.” The paper goes on to argue that complex industries such as semiconductors, biotechnology, and neurobiology are even more likely to benefit from grouping in big cities when compared to less complex activities such as paper making or clothing.
Before the pandemic, housing shortages in the San Francisco Bay Area and other much-needed locations had been a major barrier to innovation and economic growth. Silicon Valley and similar groups now face a rather different challenge: a sudden surge in remote work. Pandemic has reminded people of the value of a large living space. Already, the most congested postal codes of the metropolitan area have seen home purchases doubled as the most populous, according to the American Enterprise Institute Housing Center. This trend applies to many large industrial groups in San Francisco, New York, Los Angeles, and Seattle.
Meanwhile, large technology companies that are forced to deal with remote work have found that, at least in the short term, it works well. Instead of dealing with the constant reopening of uncertainty when the virus rages, companies like Facebook, Twitter, Shopify, and Quora have allows most or all of their employees to work from home permanently. The exodus of engineers from Silicon Valley can prove beneficial to smaller communities in cheaper parts of the country – but it can slow down the kind of innovation that occurs when talented people work at close range.
Physical isolation of employees will hamper development innovative ideas in individual companies. It can also reduce the number of abundant opportunities that can arise in new companies. The proverbial process in which two engineers meet in the office, starts to flip through product ideas at their downtime, consult with local venture capitalists to get advice, and go to find start-ups will be greatly reduced if all of these connections are mediated through Zoom. Videoconferencing is useful in maintaining existing relationships but is a poor substitute for accidental meetings with new colleagues. Even if distance work is equally useful for certain technology companies, it can be a net negative for the larger industrial groups and for the country.