Energy demand and interfuel substitution in the transportation sector |
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| Authors: | Noel D Uri |
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| Affiliation: | Department of Economy and Business, The Catholic University of America, Washington, DC 20064, U.S.A. |
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| Abstract: | The analysis in this paper is directed at examining the effect of energy prices on the quantity of energy demanded in the transportation sector in the United States. For motor gasoline, the suggestion is that vehicle miles travelled as well as the stock of automobiles respond to changing motor gasoline prices. For other fuels consumed in this sector, the quantity of energy consumed does respond to energy prices as well as the level of economic activity. The magnitude of the response is typically small. |
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| Keywords: | Transportation sector Energy demand Motor gasoline Diesel fuel Aviation fuel |
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