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.

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March 21, 2022

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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.

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