When gasoline prices rise, it makes the news. Reporters mob gas stations to ask drivers how
they are dealing with the higher prices. Many drivers say,“What can I do? I have to drive.” …

Detroit automakers have opposed mandated improvements in fuel economy since
legislation was first proposed in the 1970's. Their opposition is based, among other …

This research is designed to help researchers and policy makers ground their work in the
reality of how US consumers are thinking and behaving with respect to automotive fuel …

In this paper we make use of detailed, transaction-level data on automobile purchases and
monthly, ZIP-code level data on retail gasoline prices to investigate the effect of fuel prices …

The dramatic increase in gasoline prices from close to $1 in 1999 to $4 at their peak in 2008
made it much more expensive for consumers to operate an automobile. In this paper we …

This Congressional Budget Office (CBO) study relates rising gasoline prices to changes in
how fast people drive, the volume of highway traffic, and rail transit ridership. It also …

Policymakers often assert that consumers undervalue future gasoline costs when they buy
automobiles. We test this by measuring whether relative prices of vehicles with different fuel …

Drivers respond to an increase in fuel prices in several ways. The most important are:
reducing travel, and buying more fuel-efficient vehicles. First, consider the effect on vehicle …

We estimate the effect of gasoline prices on short-run equilibrium prices and sales of new
and used cars of different fuel economies. We find that gasoline prices have larger effects on …

In this paper we investigate how gasoline prices affect equilibrium prices and market shares
for cars of different fuel efficiencies in both the new and used car markets. We find that, in …