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Table 7 Economic Demand Elasticities

Table 7 Economic Demand Elasticities

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  Aviation Highway Rail Dahl
Income elasticity 1.74 1.04 0.18 0.09 to 0.85
Fuel price elasticity -0.38 - - -0.01 to -0.36

SOURCE: Dahl, Carol A. "Demand for Transportation Fuels: A Survey of Demand Elasticities and Their Components," Journal of Energy Literature, 1(2), Fall, 1995. and U.S. Department of Transportation, Research and Innovative Technology Administration, Bureau of Transportation Statistics.

Updated: Saturday, May 20, 2017