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Commentaries — August 4, 2008

A Perspective On Gasoline Demand Are We Overstating Its Influence? The decline in Vehicle Miles Traveled to-date is only one-third the size of the 1970s despite a parallel rise in price. More important, the rising productivity of motor fuel consumption has dampened the macroeconomic shock seen in the 1970s. Demand destruction is not as great… Continue reading Untitled

Open A Perspective On Gasoline Demand Are We Overstating Its Influence?
The decline in Vehicle Miles Traveled to-date is only one-third the size of the 1970s despite a parallel rise in price. More important, the rising productivity of motor fuel consumption has dampened the macroeconomic shock seen in the 1970s. Demand destruction is not as great as it may appear.