We propose a new instrument for estimating the price elasticity of gasoline demand that exploits systematic differences … across U.S. states in the pass-through of oil price shocks to retail gasoline prices. These differences, which are primarily … driven by variation in the cost of producing and distributing gasoline, create cross-sectional dispersion in gasoline price …

This article exploits both the crude oil price surge consecutive to the invasion of Ukraine and 2022 fuel excise tax … rebates in France as quasi-natural experiments to infer the price sensitivity of fuel demand. Based on granular individual … bank account data at the transaction level, we properly disentangle anticipation effects from price effects, and estimate …