2026-09-20T09:45:44Zhttps://ecommons.cornell.edu/server/oai/requestoai:ecommons.cornell.edu:1813/291572026-05-14T13:50:29Zcom_1813_57466com_1813_57353com_1813_11653com_1813_35col_1813_57468col_1813_47
Gadsden, Michael
Bento, Antonio Miguel R.
Boisvert, Richard N
2012-06-28T20:54:08Z
2012-06-28T20:54:08Z
2011-08-31
https://hdl.handle.net/1813/29157
7745298
This research examines economic impacts of two gasoline regulations designed to combat tropospheric ozone pollution. I construct several fixed effects econometric models to assess impacts of reformulated gasoline and low volatility gasoline on retail gasoline prices and consumer costs. I estimate that reformulated gasoline has had a positive and statistically significant impact on real fuel prices of approximately 3.4 to 6.0 cents per gallon. I estimate that federal low volatility gasoline has had an insignificant price impact of 0.0 to 0.8 cents per gallon, but find that state-level controls more stringent than federal standards may have increased prices by over 8.0 cents per gallon. I also find that both reformulated gasoline and low volatility gasoline price effects likely vary substantially between cities. I present a framework for examining changes in welfare and estimate that over 15 years the reformulated gasoline program has cost consumers between $15.1 billion and $39.0 billion.
en_US
Clean Air Act
Gasoline
Ozone
The Economics Of Gasoline Regulation: Price Impacts And Consumer Costs Of Environmental Air Quality Programs
dissertation or thesis
application/pdf
Agricultural Economics
Cornell University
Master of Science
M.S., Agricultural Economics
Publication
Applied Economics and Management MS Theses
Cornell Theses and Dissertations
Gadsden, Michael
47601f18-d3de-4171-9187-8e5283cf3a8f
5893a6ea-7af3-41d7-abc6-04bcd26ab5df
open.access
open.access
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<Keyword>Clean Air Act</Keyword>
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<Abstract>This research examines economic impacts of two gasoline regulations designed to combat tropospheric ozone pollution. I construct several fixed effects econometric models to assess impacts of reformulated gasoline and low volatility gasoline on retail gasoline prices and consumer costs. I estimate that reformulated gasoline has had a positive and statistically significant impact on real fuel prices of approximately 3.4 to 6.0 cents per gallon. I estimate that federal low volatility gasoline has had an insignificant price impact of 0.0 to 0.8 cents per gallon, but find that state-level controls more stringent than federal standards may have increased prices by over 8.0 cents per gallon. I also find that both reformulated gasoline and low volatility gasoline price effects likely vary substantially between cities. I present a framework for examining changes in welfare and estimate that over 15 years the reformulated gasoline program has cost consumers between $15.1 billion and $39.0 billion.</Abstract>
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