Farmers Insurance studies the impact of gasoline prices on consumers'driving habits

摘要

Farmers Insurance has released the results of a preliminary economic analysis of the effect of gasoline prices on vehicle miles traveled, choices of transportation and driving habits by its customers and other drivers in the U.S. The study provides a framework to quantify how rising gasoline prices affect vehicle use. According to Farmers Insurance economist Kevin Mabe, "In the past few years, and especially this year with oil prices nearing $100 per barrel, media reports on gasoline prices occur daily. Our preliminary study shows that one aspect of higher gasoline prices has affected our customers' choices for transportation.