although economists may argue about whether gas prices have an effect on the economy, there is a connection between consumer confidence, spending habits and gas prices.
china and india, the world's two most populous developing economies, are also among the world's largest automotive markets and carbon emitters. to reduce carbon emissions from the passenger car sector, both countries have considered various policy levers affecting fuel prices, car prices and fuel economy. this study estimates the responsiveness of new car buyers in china and india to such policy levers and drivers including income. furthermore, we estimate the potential for rebound effect and the effectiveness of a feebate policy. to accomplish this, we developed a joint discrete-continuous model of car choice and usage based on revealed preference survey data from approximately 8000 new car buyers from india and china who purchased cars in 2016-17. conditional on buying a new car, the fuel consumption in both markets is found to be relatively unresponsive to fuel price and income, with magnitudes of elasticity estimates ranging from 0.12 to 0.15. for both markets, the mean segment-level direct elasticities of fuel consumption relative to car price and fuel economy range from 0.57 to 0.65. the rebound effect on fuel savings due to cost-free fuel economy improvement is found to be 17.1% for india and 18.8% for china. a revenue-neutral feebate policy, with average rebates and fees of up to around 15% of the retail price, resulted in fuel savings of around 0.7% for both markets. while the feebate policy's rebound effect is low - 7.3% for india and 1.6% for china - it does not appear to be an effective fuel conservation policy.
statement from press secretary karine jean-pierre: “with memorial day weekend and the start of the summer driving season around the corner, the biden-harris administration is taking action to lower gas prices with the sale of one million barrels of gasoline from the northeast gasoline supply reserve. this builds on other actions by president biden to lower gas…
illinois residents will see a small increase in gas prices as the state implements a new motor fuel tax rate of 47 cents per gallon.
explore strategies to cut down on fuel expenses during periods of high gas prices.
electric customers across the southeast have felt the increase and volatility of natural gas prices directly on electric bills in the last few years. utilities in the region pass fuel costs directly…
new standards will save americans hundreds of dollars at the pump over the lifetime of their vehicles
tracking fuel purchases is crucial for businesses. while gas receipts are often used, they can be a hassle. ✅ explore these other ways to track fueling.
global fuel economy initiative (gfei) is the leading partnership on fuel economy and efficiency, and runs projects, produces research and undertakes global advocacy for vehicle decarbonisation with partners fia foundation, icct, iea, and itf
learn about how to reduce fuel costs for your fleet and improve fleet efficiency to save time and money.
policymakers should increase access to higher renewable fuel blends like e15, which save consumers money and reduce carbon emissions.
office of highway policy information
the u.s. department of energy (doe) publishes a final rule that revises the value for the petroleum-equivalency factor (pef). this final rule revises doe's regulations regarding procedures for calculating a value for the petroleum-equivalent fuel economy of electric vehicles (evs). the pef is...
read online, download a free pdf, or order a copy in print or as an ebook.
analyzing policies that reduce fuel demand and carbon emissions
we explain what fleet managers need to know about fuel surcharges, how to calculate them, and how to stay in the black despite fluctuating fuel costs.
visit the advanced clean cars ii web site for more information on the regulations.
cbo produces numerous reports with specific options or broad approaches for changing federal tax and spending policies. cbo periodically publishes a reference volume, often referred to as “budget options,” that includes dozens of policy options to reduce federal budget deficits.
in the coming weeks, the trump administration may release its final rule regulating fuel economy standards for cars and light trucks. the rule, called safer affordable fuel-efficient (safe) vehicles,…
the department of transportation’s bureau of transportation statistics (bts) today released u.s. airlines’ september 2023 fuel cost and consumption numbers indicating u.s. scheduled service airlines used 1.518 billion gallons of fuel, 9.2% less fuel than in august 2023 (1.672 billion gallons) and 2.8% more than in pre-pandemic september 2019. the cost per gallon of fuel in september 2023 ($3.14) was up 32 cents (11.4%) from august 2023 ($2.82) and up $1.19 (60.6%) from september 2019. total september 2023 fuel expenditure ($4.77b) was up 1.1% from august 2023 ($4.72b) and up 65.1% from pre-pandemic september 2019.
a timeline from the 1970s to present day on the history of fuel economy in the united states.
a handbook for utility regulators that details strategies for controlling the cost of fuel.
consider using procedures and tools that can effectively manage fuel spend and monitor mpg to assist you with optimizing your vehicle
and how to measure fuel economy better.
fleet cards are an essential tool for businesses with commercial vehicles as they allow business managers to oversee and track expenses, track routes, improve driver safety, and take advantage of ancillary advantages that go beyond fuel. those additional fuel card program advantages include vehicle maintenance, tire purchases, travel expenses, and sometimes even driver wireless expenses. […]
cafe standards saved $5 trillion in fuel costs and prevented 14 billion metric tons of carbon from being released into the atmosphere.
faqs: how regressive democratic policies increased washington’s gas prices for weeks during the summer of 2023, washington had the distinction of having the highest gas prices in the nation –... read more »
this paper develops a dual stackelberg game model to investigate the production and consumption of two-sided carbon reduction issues in a fuel car supply chain. it involves a government, a manufacturer, and multiple retailers. the government is the first to issue dual credit and fuel tax policies to regulate carbon-related decisions in the automotive supply chain. followed by the manufacturer, who makes in-production carbon reduction and fuel reduction investments under established government policies and its carbon social responsibility, and the final actor, the retailer, conducts product marketing and sales. using this model, we analyze the decentralized decision-making, cost-sharing, and revenue-sharing between supply chain members. the results show: (1) for both types of coordination, cost-sharing leads to higher profits for all supply chain members and social welfare, while fuel consumption reduction and carbon emissions in production are higher under revenue-sharing. (2) ecological performance improvement with double credit price linearly, but the level of social welfare tends to increase first and then decrease. therefore, the government should carefully choose the severity of the double credit policy by considering ecological and economic performance goals.
fuel costs fluctuate based on global oil prices, supply, transportation, taxes, and market competition. click to know more!
discover the future of trucking with modern fuel payments. streamline your expenses, eliminate fuel fraud, and save money with digital payment solutions like relay.
the department of transportation’s bureau of transportation statistics (bts) today released u.s. airlines’ march 2024 fuel cost and consumption numbers indicating u.s. scheduled service airlines used 1.602 billion gallons of fuel, 15.1% more fuel than in february 2024 (1.392 billion gallons) and 4.9% more than in pre-pandemic march 2019. the cost per gallon of fuel in march 2024 ($2.77) was down 6 cents (2.2%) from february 2024 ($2.83) and up $0.74 (36.7%) from march 2019. total march 2024 fuel expenditure ($4.43b) was up 12.5% from february 2024 ($3.94b) and up 43.5% from pre-pandemic march 2019.
for any fleet enterprise, fuel is a substantial expense. supportive measures should be put in place to guarantee your organization does not overspend on fuel.
most states levy per unit taxes based on how many gallons of gasoline a consumer purchases. however, 22 states and the district of columbia tie...
fossil fuels consumption subsidies 2022 - analysis and key findings. a report by the international energy agency.
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consumer valuation of fuel costs and tax policy: evidence from the european car market by laura grigolon, mathias reynaert and frank verboven. published in volume 10, issue 3, pages 193-225 of american economic journal: economic policy, august 2018, abstract: to what extent do car buyers undervalue...
one prominent feature of president biden's agenda on the environment is to target u.s. fossil fuel (e.g., oil, gas, and coal) producers and production with nearly $97 billion in tax increases over the next decade.
fossil fuels were key to industrialization and rising prosperity, but their impact on health and the climate means that we should transition away from them.