KDI 경제정보센터

U.S. consumers closely watch the twists and turns of gasoline prices, with many hunting for the lowest pump price or reducing consumption if prices are very high. But how do volatile fuel prices and consumer demand track over the long run?

In a June Economic Synopses essay, St. Louis Fed Senior Vice President B. Ravikumar and Research Associate Iris Arbogast examined long-term trends of motor gasoline prices and demand, as well as gasoline spending’s significance to the U.S. economy.