1. Assessing the Impact of Lower gas prices in Alterative Fuel Vehicles and the Consumption of Alternative Fuels
Throughout the last fifty years of oil and gasoline consumption throughout westernized nations including the United States, the elasticity of demand for these fuels has been more dictated by the pricing decisions of OPEC over pure market forces. With the ... products and the indices as defined by models showing a higher probability of rising prices than dropping ones (Zhang, Lohr, Escalante, Wetzstein, 2008), auto manufacturers are accelerating the development of alterative energy-based engines. The leader in this regard continues to be Toyota with their hybrid technology which has led to th...
- Word Count: 874
- Approx Pages: 3
- Has Bibliography
- Grade Level: High School