This study calculates efficient taxes on gasoline and road use designed to combat driving related externalities when … motorists avoid taxes due to an excessive economic driving-style. The efficient tax on gasoline is reduced below the Pigouvian … rate due to such avoidance. The current US tax rate on gasoline is below the efficient tax rate while the current UK rate …

We propose a new instrument for estimating the price elasticity of gasoline demand that exploits systematic differences … across U.S. states in the pass-through of oil price shocks to retail gasoline prices. We show that these differences are … primarily driven by the cost of producing and distributing gasoline, which varies with states’ access to oil and gasoline …

The conventional wisdom that inflation expectations respond to the level of the price of oil (or the price of gasoline … support for the conventional wisdom. Using a new structural vector regression model, however, we demonstrate that gasoline … explained by a large increase in gasoline prices. However, on average, gasoline price shocks account for only 39% of the …

SPR, as recently proposed by the White House, lower the global price of oil (and hence the U.S. price of motor gasoline …