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This document summarizes a study that estimated fuel price elasticities for combination trucks in the US trucking sector between 1970 and 2012. The study found that fuel price elasticities have shifted from being more elastic in the 1970s to being relatively inelastic today. Specifically, the study estimated fuel price elasticities of combination truck travel activity (measured by vehicle miles traveled) and diesel fuel demand over this time period. The results indicate that the trucking sector has become l

Author

Maruf Muhammad

Language

EN