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Gasoline Prices & their Effects on Behavior (Paperback)
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Gasoline Prices & their Effects on Behavior (Paperback)
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Over the past several years, gasoline prices have risen well above
their historic average. In many parts of the United States,
gasoline prices were above $3 per gallon for much of 2007. Although
consumers in the past did not respond very much to small
fluctuations in the price of gasoline, the recent large increases
have led many people to make adjustments, for example, in the way
they drive and in the kinds of vehicles they buy. This
Congressional Budget Office (CBO) study, prepared at the request of
the Ranking Member of the Senate Budget Committee, relates rising
gasoline prices to changes in how fast people drive, the volume of
highway traffic, and rail transit ridership. It also examines the
effects on market shares, fuel economy, and pricing of cars and
light trucks purchased over the past several years. With the
world-wide price of oil continuing to rise, this book provides an
indication of the kinds of adjustments consumers would make if
gasoline prices continue to rise, and of the implications of rising
gasoline prices for policies that would discourage gasoline
consumption and thus limit the growth in carbon dioxide emissions.
This book consists of public documents which have been located,
gathered, combined, reformatted, and enhanced with a subject index,
selectively edited and bound to provide easy access.
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