Weak demand and abundant supply are behind the recent trend in oil prices, which have fallen by more than $50 per barrel since June. This event is not unprecedented—in fact, the conditions associated with the 2014 crude price drop are very similar to those surrounding a similar drop during 1985 and 1986. In both cases, oil conservation […]
Data aficionados among our readers will appreciate that it is best to analyze price movements using as disaggregated data as possible, both temporally and spatially. In the original version of our recent issue brief, we used annual data. But with more time to acquire data, we found monthly data series. Importantly, these new data include […]
With low-cost, abundant natural gas now available in the United States and the promise of new fuel and vehicle technologies on the rise, an opportunity may soon exist for industry (and consumers) to expand the use of natural gas in the form of a liquid fuel for passenger cars and trucks. In new research, RFF’s […]
Last week, top Democrats on the Senate Energy and Natural Resources Committee requested a comprehensive review of what would happen—in terms of energy prices, consumer prices, and more—if the US were to lift its ban on oil exports. In a new RFF issue brief, together with Stephen Brown, Charles Mason, and Jan Mares, we tackle […]
From the late 1980s to about 2004, the average fuel economy of new passenger vehicles in the United States declined gradually. Then, over the past 10 years, fuel economy jumped suddenly, up almost 20 percent by 2012. In a recent paper, my colleague Shefali Khanna and I ask which end of the production line explains […]
In a recent New York Times Sunday magazine “It’s Your Money” column, journalist Adam Davidson bemoaned his gridlocked commute from New York City to New Jersey, writing that he would have “happily paid whatever it cost to persuade some other drivers that it wasn’t worth it for them to be on the road.” Mr. Davidson […]
This is the first in a series of short posts in which RFF scholars will analyze the environmental plank of the Republican and Democratic Party platforms. This week we’re looking at the Republican platform. Watch next week for a similar series of posts looking at the Democratic platform’s environmental agenda. As with all posts on […]
Two new RFF discussion papers highlight the effects of gasoline taxes in metropolitan and rural areas, examining outcomes for public transit and welfare impacts. Click here to read the full paper.