High Gas Prices May Not Drive Americans away from Gas
In a write-up for Axios, RFF Senior Fellow Joshua Linn comments on how high gas prices may influence new vehicle sales in the coming months to years.
The duration of these high gasoline prices will play a big role in determining how much they change consumers' behavior... "If the price changes are viewed as temporary, say if the government reduces gas taxes for a few months or consumers think oil markets will calm down within a few months, then it’s much less likely that gasoline prices will affect new vehicle sales or fuel economy," said economist Joshua Linn, a senior fellow at the nonpartisan think tank Resources For the Future.
