Sudden Oil Price Changes: The Effect on US Gasoline Demand

OPEC Review: An Energy and Development Forum, XIX(3) Autumn 1995: 203-218

Posted: 27 Sep 2014

See all articles by Rajeev K. Goel

Rajeev K. Goel

Illinois State University - Department of Economics

Mathew J. Morey

Independent

Date Written: 1995

Abstract

This paper investigates the effect of gasoline price changes, due to supply shocks and large price rises, on gasoline consumption, as reflected in the price elasticity of demand.

Keywords: oil price changes, gasoline demand, non-parametric regression, price elasticity, United States

JEL Classification: D12, Q31

Suggested Citation

Goel, Rajeev K. and Morey, Mathew J., Sudden Oil Price Changes: The Effect on US Gasoline Demand (1995). OPEC Review: An Energy and Development Forum, XIX(3) Autumn 1995: 203-218. Available at SSRN: https://ssrn.com/abstract=2501698

Rajeev K. Goel (Contact Author)

Illinois State University - Department of Economics ( email )

Normal, IL 61790-4200
United States

Mathew J. Morey

Independent ( email )

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