Title: Effect of Gasoline Prices on Bus Ridership for Small Urban Transit Systems of the Upper Midwest and Mountain Region
Abstract: Rising fuel prices have led to significant increases in costs for public transportation agencies. A possible benefit from higher gas prices, though, is an increase in transit ridership. This study estimates the effects of gas prices on bus ridership for small urban transit systems in the upper midwest and mountain states. Data for eleven such systems over a period of ten years are analyzed. The results from a panel data model indicate that the elasticity of demand with respect to gas price is 0.12. While higher gas prices are found to result in increased ridership, the increase in fare revenues is not enough to cover the higher fuel expenses for the transit systems.
Publication Year: 2009
Publication Date: 2009-01-01
Language: en
Type: article
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Cited By Count: 2
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