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Title:

Fuel Prices and Consumer Preferences for Vehicles: Energy Technology Innovation Policy

Accession Number:

01127249

Record Type:

Component

Availability:

Transportation Research Board Business Office

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Washington, DC 20001 USA
Order URL: http://www.trb.org/Main/Blurbs/Energy_and_Global_Climate_Change_2009_163018.aspx

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Order URL: http://worldcat.org/isbn/9780309142694

Abstract:

The purpose of this paper is to examine the relationship between fuel prices and consumer preferences for passenger motor vehicles in the U.S. automobile market. The paper examines the stated preferences of new vehicle owners from December 2001 to January 2008 to explore possible indications of changes in consumer preferences. Annual survey data were used. During the observation period, gasoline prices fluctuated significantly and rose to more than twice their lowest level. The importance of acquiring a vehicle with good fuel economy was analyzed, and the results of the statistical analysis are presented. The paper presents additional evidence that more consumers would state that fuel economy becomes a more important factor in their purchasing decisions as gasoline prices rise. The evidence also supports the suggestion that the financial impact of fuel economy will matter first to lower-income buyers as gasoline prices rise.

Monograph Accession #:

01149181

Report/Paper Numbers:

09-0177

Language:

English

Authors:

Mahadi, Arliadi
Gallagher, Kelly Sims

Pagination:

pp 31-37

Publication Date:

2009

Serial:

Transportation Research Record: Journal of the Transportation Research Board

Issue Number: 2139
Publisher: Transportation Research Board
ISSN: 0361-1981

ISBN:

9780309142694

Media Type:

Print

Features:

Figures (6) ; References (7) ; Tables (5)

Geographic Terms:

Subject Areas:

Economics; Energy; Highways; Vehicles and Equipment; I96: Vehicle Operating Costs

Files:

TRIS, TRB, ATRI

Created Date:

Jan 30 2009 4:25PM

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