Consumer adjustment to a gasoline tax
Journal Article
·
· Rev. Econ. Stat.; (United States)
A study of how customers will respond to a tax based on miles per gallon indicates that the long-term effect on gasoline consumption could reduce crude oil imports by 27 percent. When demand elasticity of gasoline is broken down into the price elasticity of demand minus the price elasticity of demand for fuel mileage, it is learned that the short-term miles per gallon factor is larger than previously thought. Adjustments in the stock of automobiles to those providing better gas mileage is indicated by a 20 percent increase in miles per gallon with an additional 40 percent gasoline tax. 20 references.
- Research Organization:
- Wayne State Univ., Detroit, MI
- OSTI ID:
- 6073647
- Journal Information:
- Rev. Econ. Stat.; (United States), Journal Name: Rev. Econ. Stat.; (United States) Vol. 61:3; ISSN RECSA
- Country of Publication:
- United States
- Language:
- English
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29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
294002 -- Energy Planning & Policy-- Petroleum
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320203 -- Energy Conservation
Consumption
& Utilization-- Transportation-- Land & Roadway
BEHAVIOR
DEMAND FACTORS
ECONOMIC ANALYSIS
ECONOMIC ELASTICITY
ECONOMICS
FUELS
GASOLINE
PETROLEUM PRODUCTS
PRICES
TAXES
290200* -- Energy Planning & Policy-- Economics & Sociology
294002 -- Energy Planning & Policy-- Petroleum
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320203 -- Energy Conservation
Consumption
& Utilization-- Transportation-- Land & Roadway
BEHAVIOR
DEMAND FACTORS
ECONOMIC ANALYSIS
ECONOMIC ELASTICITY
ECONOMICS
FUELS
GASOLINE
PETROLEUM PRODUCTS
PRICES
TAXES