IDEAS home Printed from
   My bibliography  Save this article

The Consumer’s Micro-Micro Gasoline Buying Decision


  • Jannett Highfill


  • Michael McAsey


A “micro-micro” consumer problem of gasoline purchases is examined using daily price data. Comparing the optimizing consumer with one who buys gasoline at random, the paper finds optimizers save about 4% of their annual gasoline bill. The paper also provides some evidence about the costs of non-optimal gasoline buying strategies. Copyright International Atlantic Economic Society 2007

Suggested Citation

  • Jannett Highfill & Michael McAsey, 2007. "The Consumer’s Micro-Micro Gasoline Buying Decision," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 13(4), pages 433-442, November.
  • Handle: RePEc:kap:iaecre:v:13:y:2007:i:4:p:433-442:10.1007/s11294-007-9108-9
    DOI: 10.1007/s11294-007-9108-9

    Download full text from publisher

    File URL:
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    1. Espey, Molly, 1998. "Gasoline demand revisited: an international meta-analysis of elasticities," Energy Economics, Elsevier, vol. 20(3), pages 273-295, June.
    2. Nicol, C. J., 2003. "Elasticities of demand for gasoline in Canada and the United States," Energy Economics, Elsevier, vol. 25(2), pages 201-214, March.
    3. Kui-Yin Cheung & Elspeth Thomson, 2004. "The Demand for Gasoline in China: A Cointegration Analysis," Journal of Applied Statistics, Taylor & Francis Journals, vol. 31(5), pages 533-544.
    Full references (including those not matched with items on IDEAS)

    More about this item


    Gasoline; Consumer; Value of information; Q40;

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:iaecre:v:13:y:2007:i:4:p:433-442:10.1007/s11294-007-9108-9. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Rebekah McClure). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.