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Fuel Prices, New Vehicle Fuel Economy, and Implications for Attribute-Based Standards

An analysis of gasoline prices and US fuel economy standards reveals that price increases in the mid-2000s had a larger effect on vehicle market shares than recent decreases, but the latter have slightly reduced the mandated level of fuel economy.

Working Paper by Benjamin Leard, Joshua Linn, and Virginia McConnell — Feb. 3, 2016

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