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2001 BMW Z29: Concept We Forgot

on May 30, 2018

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Study: Driving habits tied not to pump prices but to percentage change

Logic suggests that the more gasoline costs, the less people will drive their vehicles. The Office of Energy Efficiency and Renewable Energy says that's true—but it's not as simple as the actual price paid at the pump. According to a study conducted by the federal agency, when gas prices spike, drivers do not dramatically reduce the amount they travel. The study indicates that drivers instead adjust the amount they drive based on the percentage of increase or decrease in the cost of fuel. MORE: Trump administration could tax imported cars more than domestics Other factors also factor into the number of miles driven, according to the report. While gas prices are top-of-mind because of how often they are put directly in front of drivers, factors such as demographics, economic growth, transportation mode shifts, driver licensing rates, vehicle population and infrastructure capacity also impact the overall amount that vehicles are driven. All things considered, it makes more s...

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2001 BMW Z29: Concept We Forgot

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