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Gasoline Prices and their Effects on Behavior
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Editors: Hermann Schreiber
Book Description:
Over the past several years, gasoline prices have risen well above their historic average. In many parts of the United States, gasoline prices were above $3 per gallon for much of 2007. Although consumers in the past did not respond very much to small fluctuations in the
price of gasoline, the recent large increases have led many people to make adjustments, for example, in the way they drive and in the kinds of vehicles they buy. This Congressional Budget Office (CBO) study, prepared at the request of the Ranking Member of the Senate Budget Committee, relates rising gasoline prices to changes in how fast people drive, the volume of highway traffic, and rail transit ridership. It also examines the effects on market shares, fuel economy, and pricing of cars and light trucks purchased over the past several years. With the worldwide price of oil continuing to rise, this book provides an indication of the kinds of adjustments consumers would make if gasoline prices continue to rise, and of the implications of rising gasoline prices for policies that would discourage gasoline consumption and thus limit the growth in carbon dioxide emissions. This book consists of public documents which have been located, gathered, combined, reformatted, and enhanced with a subject index, selectively edited and bound to provide easy access.

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Table of Contents:

1. Gasoline Prices and Driving Behavior, pp. 1-20

Volume of Traffic

Speed of Traffic

Applicability of Findings to Other Regions of the United States

2. Gasoline Prices and Vehicle Markets, pp. 21-38

Market Shares for Cars and Light Trucks

Gasoline Prices and Vehicle Market Shares

Changes in New-Vehicle Fuel Economy and Pricing

Changes in the Used-Vehicle Market

A. Study Data, pp. 39-48

B. Analytical Approach and Econometric Results, pp. 49-58

References, pp. 59-64


      American Political, Economic, and Security Issues
   Binding: Softcover
   Pub. Date: 2011
   Pages: 6 x 9
   ISBN: 978-1-60741-351-6
   Status: AV
Status Code Description
AN Announcing
FM Formatting
PP Page Proofs
FP Final Production
EP Editorial Production
PR At Prepress
AP At Press
AV Available
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Gasoline Prices and their Effects on Behavior