Posts Tagged "“Gasoline prices” “Demand elasticity” “CAFE standard” “Fuel economy”"

More on gas prices: why will Americans pay any amount for gas?

It has long been noted that consumers are curiously indifferent to gasoline prices. When gas is cheap, people buy fuel-guzzling cars and drive them a lot. When gas is dear, people...continue to buy fuel-guzzling cars and drive them a lot. A recent study suggests that this price indifference has gone up in recent years. Using various statistical methods to compare… read more →