Using Gasoline Data to Explain Inelasticity
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Eitches, Eliana; Crain, Vera
[Excerpt] This Beyond the Numbers article uses monthly and quarterly average price per gallon of gasoline from the CPI, and dollars spent on gasoline per quarter from the CE. Similar gasoline average price data are available from the Energy Information Agency (EIA) within the Department of Energy. A comparison of the average prices showed the two sources to be similar, with more variations in the data from the EIA. For this analysis, CPI data were selected.
Consumer Price Index; CPI; gasoline; expenditures