Econometric model of gasoline consumption, vehicle miles traveled, and new car purchases

Journal Article · Thu Jan 01 04:00:00 EST 1981 · Energy Syst. Policy; (United States)

OSTI ID:6438549

Springer, R K ^[1]; Resek, R W

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1. Univ. of Santa Clara, CA

Continuing concern over fuel shortages and emphasis on smaller, more-efficient automobiles have led to studies relating automobile usage to gasoline consumption. This paper provides meaningful aggregates for automobile characteristics and emphasizes five different classes of cars in the estimation, using a time series of cross-sectional data. The effects of changing patterns in automobile ownership on total vehicle miles traveled and on gasoline consumption are modeled explicitly. In estimating equations for new-car demand, not only economic variables such as income and automobile price are considered but also the effects of changing gasoline prices and vehicle miles traveled. This analysis also enables one to trace the behavior of consumers' preferences for changes in the size of new cars. An important link in the model relates the vehicle miles and gasoline-consumption variables, and specific interest is given to gasoline price elasticities. 15 references.

• OSTI ID: 6438549
• Journal Information: Energy Syst. Policy; (United States), Journal Name: Energy Syst. Policy; (United States) Vol. 5:1; ISSN ESYPB
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320200 -- Energy Conservation
Consumption
& Utilization-- Transportation
AUTOMOBILES
DEMAND FACTORS
ECONOMETRICS
ECONOMIC ELASTICITY
ECONOMICS
ENERGY CONSUMPTION
FUEL CONSUMPTION
FUELS
GASOLINE
LIQUID FUELS
PETROLEUM PRODUCTS
PRICES
VEHICLES