Fuel Price

Bad planning simply extrapolates past trends: “We experienced 2% annual growth during the last decade, so we’ll assume that will continue into the future.” Good planning attempts to understand underlying factors that affect change. Such is the case with the price elasticity of vehicle travel, that is, the changes in vehicle travel caused by a change in transport prices (fuel, parking, tolls, insurance, etc.).

Last week I posted a blog, “Win-Win Transportation Emission Reduction Strategies: Good News for Copenhagen” which described emission reduction strategies that also help achieve economic and social objectives. I’ve continued doing research on the subject and made some additonal discoveries that I can report on now.