GASOLINE CONSUMPTION IN BOLIVIA: THE IMPACT OF COMPRESSED NATURAL GAS

摘要

Consumption of gasoline in Bolivia is shown to be strongly dependent on economic productivity and displays seasonal fluctuations throughout the year. The introduction of a cheaper means of powering vehicles using compressed natural gas (CNG) caused a significant decrease in the volume of gasoline being consumed. A multivariate regression model was constructed to separate the effects of the varying economic activity from the adoption of CNG converted vehicles. The analysis suggests that each additional 1,000 m3 of CNG sold reduced the sales of gasoline by 0.4 m3.