Google Search Explains Your Gasoline Consumption!

Mohamad Afkhami, Hamed Ghoddusi and Nima Rafizadeh

Energy Economics, 2021, vol. 99, issue C

Abstract: We show that including Google Search Volume Index (GSVI) for bus and train, as proxies for the willingness of the consumers to use public transportation services, improves the explanatory power of the estimated demand for the United States retail gasoline. We find that gasoline consumption is negatively related to the search for public transportation services. Our results demonstrate a showcase for utilizing real-time data to improve quantitative energy policy analysis.

Keywords: Google Trend; Gasoline Consumption; Public Transportation; Time Series Analysis (search for similar items in EconPapers)
JEL-codes: C22 Q41 Q47 R41 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:99:y:2021:i:c:s0140988321002103

DOI: 10.1016/j.eneco.2021.105305

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