• Corpus ID: 151076914

The Implications of a Gasoline Price Floor for the California Budget and Greenhouse Gas Emissions

  title={The Implications of a Gasoline Price Floor for the California Budget and Greenhouse Gas Emissions},
  author={Severin Borenstein},
California is faced with an unprecedented budget crisis. The state is also committed to significant reductions in greenhouse gases that cause climate change. Meanwhile, the price of gasoline is plunging as the world economic slowdown cuts oil demand. At the intersection of these three situations lies an opportunity. In this policy paper, I analyze the effects of a transportation fuel surcharge that moves inversely to the price of oil. Such a surcharge could stabilize gasoline prices at levels… 
Gasoline taxes and revenue volatility: An application to California
This paper examines how applying different combinations of excise and sales taxes on motor fuels impact the volatility of retail fuel prices and tax revenues. Two features of gasoline and diesel
Price controls and competition in gasoline retail markets∗
We estimate the effect of a price floor regulation implemented in the Canadian province of Québec beginning in 1997 and find that it substantially reduced the entry of large-scale stations and the
NEW TRB SPECIAL REPORT: Policy Options for Reducing Energy Use and Greenhouse Gas Emissions from U.S. Transportation
In a new report from the Transportation Research Board, a policy study committee examines fuel taxes, vehicle efficiency standards, fuel standards, infrastructure investments, and coordinated
Price Controls and Market Structure: Evidence from Gasoline Retail Markets
type="main"> In this paper we study the effect of price floor regulations on the organization and performance of markets. The standard interpretation of the effects of these policies is concerned
The New CAFE Standards: Are They Enough on Their Own?
New Corporate Average Fuel Economy (CAFE) standards were recently passed in the United States with the twin goals of reducing greenhouse gas emissions and oil use. The new standards represent a


Market Power in California's Gasoline Market
In recent months, prices for California's special (CaRFG) gasoline have again exceeded U.S. average prices by much more than the difference in production costs. A number of observers have attributed
Center for the Study of Energy Markets
This paper assesses the impact of electricity industry restructuring on generating plant operating efficiency. Cost-plus regulation flows costs through to ratepayers, providing utilities with few
Retail Policies and Competition in the Gasoline Industry
We explore issues relating to the vertical structure of ownership and control in gasoline distribution and retailing. Some have argued that refiner control of the retail sector has increased
Gasoline demand revisited: an international meta-analysis of elasticities
Meta-analysis is used to determine if there are factors that systematically affect price and income elasticity estimates in studies of gasoline demand. Four econometric models are estimated, using
Fuel Efficiency and Motor Vehicle Travel: The Declining Rebound Effect
We estimate the rebound effect for motor vehicles, by which improved fuel efficiency causes additional travel, using a pooled cross section of US states for 1966-2001. Our model accounts for
Cost, Conflict and Climate: Navigating the Global Oil Market,
  • Milken Institute Review,
  • 2008
Evidence of a Shift in the Short-Run Price Elasticity of Gasoline Demand,
  • Energy Journal,
  • 2008
“ Is the Gasoline Tax Regressive ? , ” in D . Bradford
  • Energy Journal
  • 2008
Is the Gasoline Tax Regressive ?
Many consider the gasoline excise tax to be regressive, forcing the poor to pay a greater percentage of their income on it than the rich. This position has been challenged, most notably by James
Estimates from a consumer demand system: implications for the incidence of environmental taxes,
  • Journal of Environmental Economics and Management,
  • 2004