This paper examines the relationship between spot and futures prices for energy commodities (crude oil, gasoline …

A full understanding of how gasoline prices affect consumer behavior frequently requires information on how consumers … forecast future gasoline prices. We provide the first evidence on the nature of these forecasts by analyzing two decades of … data on gasoline price expectations from the Michigan Survey of Consumers. We find that average consumer beliefs are …

It is often asserted that consumers undervalue future gasoline costs relative to purchase prices when they choose … time series variation in gasoline price forecasts. We then test the model using a detailed dataset based on 86 million … document how endogenous market shares and utilization, measurement error, and different gasoline price forecasts can affect the …

the fact that many countries provide subsidies for gasoline and diesel. This paper examines global fuel subsidies using … the latest available data from the World Bank, finding that road-sector subsidies for gasoline and diesel totaled $110 …

to 2005, we examine the effects of gasoline prices on the automotive fleet's composition. We find that high gasoline … estimates suggest that a 10% increase in gasoline prices from 2005 levels will generate a 0.22% increase in fleet fuel economy …

Understanding the sensitivity of gasoline demand to changes in prices and income has important implications for … income elasticities of gasoline demand in the United States have been studied extensively, the vast majority of these studies … the past several decades have changed the responsiveness of U.S. consumers to changes in gasoline prices. In this paper …

Analyses of policies to reduce gasoline consumption have focused on two effects, a compositional effect on the fuel …

elasticities of demand for gasoline consumption. We have three main findings. First, our elasticity estimates of roughly -0.37 are …

different fuel economies change in response to shocks to the price of gasoline, we estimate the relationship between vehicle …