4 edition of Gasoline demand, U.S. fuel economy, and a gasoline tax found in the catalog.
Gasoline demand, U.S. fuel economy, and a gasoline tax
by Congressional Research Service, Library of Congress in [Washington, D.C.]
Written in English
|Statement||Lawrence C. Kumins|
|Series||Major studies and issue briefs of the Congressional Research Service -- 1993, reel 6, fr. 00638|
|Contributions||Library of Congress. Congressional Research Service|
|The Physical Object|
|Number of Pages||12|
Many Factors Affect Fuel Economy How You Drive Aggressive driving (speeding, rapid acceleration and braking) can lower your gas mileage by roughly 15% to 30% . The analysis in this article examines the impact of reducing the excise tax on gasoline and diesel fuel on the U.S. economy. The analytical approach used consists of a computable general equilibrium model composed of 14 producing sectors, 14 consuming sectors, 6 household categories classified by income, and a government.
Ethanol Production Creates Jobs and Stimulates the Economy More Jobs and Lower Taxes Ethanol Saves Taxpayers and the U.S. Treasury Billions of Dollars Each Year Increase Employment and Lower the Deficit Ethanol Provides a Return on Investment Fuel Ethanol Provides Tremendous Trade Benefits Ethanol Creates Balance Fuel Ethanol Tax Incentive Overview. The purpose of this research is to examine the controllability of gasoline consumption and automobile demand using gasoline price as a policy instrument. The author examines the problem of replacing the standby motor-fuel rationing plan with use of the federal excise tax on gasoline.
Highlights A fuel economy standard reduces gasoline use at over 6 times the cost of a tax. A binding fuel economy standard raises the cost of a cap-and-trade policy. A fuel economy standard is an expensive mechanism to reduce GHG laikipiatourism.com by: As the tax increases, two things happen, 1) the revenue collected per gallon increases, and 2) the number of gallons consumed decreases. It turns out that if the demand for gasoline is somewhat insensitive to price changes (we call this inelastic demand), the revenue collected will increase if .
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Get this from a library. Gasoline demand, U.S. fuel economy, and a gasoline tax. [Lawrence C Kumins; Library of Congress. Congressional Research Service.]. Nov 01, · How much ethanol is in gasoline, and how does it affect fuel economy.
The U.S. Energy Information Administration (EIA) estimates that inthe billion gallons of finished motor gasoline consumed in the United States contained about billion gallons of fuel ethanol, equal to about 10% of the total volume of finished motor gasoline consumption.
Gasoline decreased USD/GAL or % since the beginning ofaccording to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Gasoline reached an all time high of in July of If this is true, consumers buy vehicles with lower fuel economy and higher resulting fuel costs than they would in their private optima.
Inthe median-income American household spent $ on gasoline, and consumers spent $ billion in total (U.S. BLS ). Misoptimization over suchCited by: Feb 08, · Gasoline purchases can be a powerful signal about the consumer economy, and last month's drop off in demand was downright recession-like.
But economists don't see a recession, and energy analysts. The model captures both demand- and supply-side responses to carbon taxes and incorporates time lags in end-users’ responses to the tax-induced higher prices.
It divides U.S. CO2 emissions into seven sectors: electricity, which in accounted for 37% of nationwide CO2 emissions; personal ground travel, accounting for 22% (almost entirely. May 19, · U.S. gasoline demand has been weaker than expected this year, but a growing economy and relatively cheap pump prices have the energy industry.
Downloadable (with restrictions). We estimate supply and demand functions for the U.S. gasoline market using information from excise tax returns provided by the IRS for the period – We find price and income elasticities of demand similar to those found using EIA data.
We find a price elasticity of supply ofwhich differs from the common assumption of a perfectly inelastic. GASOLINE - EQUIVALENT FUEL ECONOMY DETERMINATION Abstract Due to the growing interest in and use of alternate automotive fuels, it is necessary that EPA provide a method of calculating fuel economy values for these vehicles than using fuels so that average fuel economies of manufacturers can be determined.
We find a significant demand response, as nearly half of the decline in market share of U.S. manufacturers from was due to the increase in the price of gasoline. On the other hand, an increase in the gasoline tax would only modestly affect average fuel economy.
litical constraints—raising the gasoline tax is politically unpopular and therefore infeasible. Instead, the United States relies on other policies for reducing gasoline consumption, including fuel economy regula-tion and fuel economy taxation.
To mimic the efficiency of a gasoline tax, fuel economy policy would need to place a uniform price Cited by: Policies for the Reduction of Policies for the Reduction of Gasoline ConsumptionGasoline Consumption Sarah E. West Transportation Energy Data Book) Fleet Fuel Economy 0 5 10 15 20 25 30 35 19 78 19 79 19 Fuel economy standards Gas guzzler tax.
Petroleum-Based Fuel Economics. Most of the energy currently used in fuel-powered transportation vehicles (for example, cars, trucks, buses, and airplanes) is in the form of liquid fuels derived from laikipiatourism.com fuels are uniquely suited for this service.
They have a very high energy density on both a volumetric and weight basis. Gasoline Prices, Government Support, and the Demand for Hybrid Vehicles in the U.S. Arie Beresteanu and Shanjun Li∗ JEL Classiﬁcations: L62 Q4 Q5 Abstract We analyze the determinants of hybrid vehicle demand, focusing on gasoline prices and income tax incentives.
We ﬁnd that hybrid vehicle sales in would have been. Nov 22, · Tax breaks, particularly in China, are helping sales. Global gasoline demand grew by nearly 20 percent between and despite competition from diesel in Europe, where the fuel benefited from tax breaks.
In the next 25 years, gasoline consumption will drop percent, according to the new IEA calculations. The Elasticity of Demand for Gasoline in China1 C.-Y. Cynthia Lin, Jieyin (Jean) Zeng which receives funding from the U.S.
Department of Transportation 1 Introduction On January 1,China initiated a modest reform on its fuel tax, which led to an increase in the gasoline consumption tax from Yuan per liter to Yuan per liter.
GASOLINE PRICES, GOVERNMENT SUPPORT, AND THE DEMAND FOR HYBRID VEHICLES IN THE UNITED STATES** BY ARIE BERESTEANU AND SHANJUN LI1 University of Pittsburgh, U.S.A.; Resources for the Future, U.S.A.
We analyze the determinants of hybrid vehicle demand, focusing on gasoline prices and income tax incentives. USING THE FUEL ECONOMY GUIDE The U.S. Environmental Protection Agency (EPA) and U.S.
Department of Energy (DOE) produce the Fuel Economy Guide to help car buyers choose the most fuel-efficient vehicle that meets their needs.
The Guide is available on the Web at laikipiatourism.com Fuel Economy Estimates The purpose of EPA’s fuel economy. The usage and pricing of gasoline (or petrol) results from factors such as crude oil prices, processing and distribution costs, local demand, the strength of local currencies, local taxation, and the availability of local sources of gasoline (supply).
Since fuels are traded worldwide, the trade prices are similar. The price paid by consumers largely reflects national pricing policy. tween both the quantity and fuel economy of automobiles sold and the price of gasoline. The existence of a causal link from fuel prices to automobile demand is central to theoretical models of the impact of oil price °uctuations on the real economy.
For example, Hamilton () pro. Among individual states, the highest gasoline tax rates, including the federal taxes as of Octoberare found in Pennsylvania (¢/gal), California (¢/gal), and Washington (¢/gal).
About 9 percent of all gasoline sold in the U.S. in May was premium grade, according to the Energy Information Administration.According to EIA, the U.S. has been a net exporter of gasoline for the past two years. Last week, the U.S. exportedbarrels a day of gasoline, with the likely destination Mexico and South America.
“We already have record crude oil production. We’re going to have record gasoline demand and we’re also going to have record refinery runs.Auto Industry The automobile industry has responded to rising gasoline prices and the need to reduce our dependence on oil by manufacturing smaller, more fuel-efficient cars, hybrids and, most.