Gasoline Pricing Policies for Transportation Safety

01/08/2020
by   Nima Safaei, et al.
0

Economic factors can have substantial effects on transportation crash trends. This study makes a comprehensive examination of the relationship between the retail gasoline price (including state and federal fuel taxes) and transportation fatal crashes from 2007 to 2016 in the US. Data on motor vehicle, bicycle and pedestrian fatal crashes come from Fatality Analysis Reporting System (FARS) provided by the National Highway Safety Administration (NHTSA) and the gasoline price data is from U.S. Energy Information Administration (EIA). Random effect negative binomial regression models are used to estimate the impact of inflation-adjusted gasoline prices on trends of transportation fatal crashes. Initial results combined with results of previous studies showed that gender and transportation mean type (motorcycle, non-motorcycle, bicycle and pedestrian) play prominent roles in interpreting the final model, so by using random effect negative binomial regression, seven models are developed to evaluate the effects of gasoline price changes on total population, male, female, motorcyclists, non-motorcyclists, bicyclists and pedestrians separately. Our findings suggest that increasing the gasoline prices will not significantly alter the number of total fatal crashes. However, by looking at different vehicle types, it is estimated that one dollar increase in adjusted gasoline price is associated with 24.2 motorcycle fatal crashes, 1.9 crashes, and 0.7 there is no noticeable difference between male and female in response to the gasoline price changes.

READ FULL TEXT

page 1

page 2

page 3

page 4

research
04/04/2023

With great power (prices) comes great tail pipe emissions? A natural experiment of electricity prices and electric car adoption

A fundemantal and unanswered question for the widely shared goal of elec...
research
02/22/2018

What are the most important factors that influence the changes in London Real Estate Prices? How to quantify them?

In recent years, real estate industry has captured government and public...
research
08/14/2022

The Growing US-Mexico Natural Gas Trade and Its Regional Economic Impacts in Mexico

With the recent administration change in Mexico, the fluctuations in nat...
research
10/19/2021

The dynamic relationship of crude oil prices on macroeconomic variables in Ghana: a time series analysis approach

The study investigates the effects of crude oil prices on inflation and ...
research
09/01/2020

Boosting House Price Predictions using Geo-Spatial Network Embedding

Real estate contributes significantly to all major economies around the ...

Please sign up or login with your details

Forgot password? Click here to reset