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Aug 15, 2023 · Consumers purchase gasoline at a gas station as a plane approaches to land at the airport in San Diego, California October 8, 2012. REUTERS/Mike Blake/File Photo Purchase Licensing Rights
Scores of mom-and-pop roadside gasoline service stations – or, in this case, brother-and-brother – competed to fill those tanks, and owners had to do what they could to attract traffic.
People also ask
How do consumers respond to gasoline prices?
Do consumer perceptions of gasoline prices change from psychological perspectives?
What is the price elasticity of gasoline consumption?
Are gasoline prices endogenous?
Oct 1, 2021 · First, we estimate an average elasticity of approximately 0.07 for on-road fuel economy and −0.30 for VKT. This implies that approximately 19% of the price elasticity of gasoline consumption (−0.37) comes from improvements in fuel-conserving driving behavior. Second, by relating the current on-road fuel economy to all past prices paid by ...
- Christopher R. Knittel, Shinsuke Tanaka
- 2021
FILE PHOTO: Consumers purchase gasoline at a gas station as a plane approaches to land at the airport in San Diego, California October 8, 2012.
Jan 10, 2024 · Gasoline, which is considered a high-rotation consumer product, is part of this group of essential expenses, and nearly 1 in 7 consumers turned to installment plans to pay fuel bills in August ...
May 15, 2023 · From 2020 to 2022, the price of gasoline in China rose sharply, which may cause consumers to adopt new energy vehicles. However, the government subsidies in the yearly retreat for 2023 were completely abolished, which could hinder consumers’ switching behavior. The combination of these factors may affect consumer decision-making, making accurate analysis of consumer willingness to switch to ...
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