Gas Price Elasticity

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Gas Price Elasticity The Energy Information Administration of the Department of Energy began tracking weekly gasoline prices in 1990 by means of a survey of 800 service stations around the country. The average retail price for unleaded gasoline posted its fourth record high during the week of June 12, 2000, increasing 5 cents a gallon to an average of $1.681. The price at the pump is higher than the same period last year by 56 cents and has risen 16.2 cents over the …

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…at www.aol.com. Anonymous (2000). The Strategic Petroleum Reserve. US Department of Energy, Fossil Energy at http://www.fe.doe.gov/spr/spr.html. Brodrick, Cynthia E. (2000, February 15). How do gas costs affect consumers? At http://aol.thewhiz.com/2000/02/000215d.asp. Brodrick, Cynthia E. (2000a, February 15). The cost of a gallon of gas. At http://aol.thewhiz.com/2000/02/000215b.asp. Georgy, Michael (2000, June 20). OPEC Prepares To Raise Oil Exports Again. Reuters at www.aol.com.