When U.S. Secretary of Transportation Mary Peters announced that Americans drove 10 billion fewer miles in May 2008 than in May 2007, she was sounding the alarm that the declining funds from the gas tax could affect the country’s infrastructure, which is heavily reliant on this source of funding.

Will this decrease in vehicle miles driven — which is the third-largest monthly drop in 66 years — have auto insurance implications as well? Claims spoke with Kevin Mabe, chief economist at Farmers Insurance, to obtain more details about how rising gas prices and fewer driven miles could affect the auto claim world.

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