Google Search Explains Your Gasoline Consumption!

23 Pages Posted: 16 Dec 2019 Last revised: 16 Apr 2020

See all articles by Mohamad Afkhami

Mohamad Afkhami

Stevens Institute of Technology - School of Business

Hamed Ghoddusi

Stevens Institute of Technology - School of Business; Economic Research Forum

Nima Rafizadeh

affiliation not provided to SSRN

Date Written: November 29, 2019

Abstract

We show that including Google Search Volume (GSV) for bus and train, as proxies for the willingness of the consumers to use public transportation services, significantly improves the explanatory and predictive power of the estimated demand for the United States retail gasoline. We find that gasoline consumption is negatively related to the search for public transportation services. Our results demonstrate a showcase for utilizing real-time data to improve quantitative energy policy analysis.

Keywords: Google Trend, Gasoline Demand, Public Transportation, Forecasting

JEL Classification: C22, Q41, Q47, R41

Suggested Citation

Afkhami, Mohamad and Ghoddusi, Hamed and Rafizadeh, Nima, Google Search Explains Your Gasoline Consumption! (November 29, 2019). Available at SSRN: https://ssrn.com/abstract=3495705 or http://dx.doi.org/10.2139/ssrn.3495705

Mohamad Afkhami

Stevens Institute of Technology - School of Business ( email )

Hoboken, NJ 07030
United States

Hamed Ghoddusi (Contact Author)

Stevens Institute of Technology - School of Business ( email )

Hoboken, NJ 07030
United States

HOME PAGE: http://www.ghoddusi.com

Economic Research Forum ( email )

Cairo
Egypt

Nima Rafizadeh

affiliation not provided to SSRN

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