US

Gasoline Prices

Changes in U.S. gasoline prices over the past 10 years have predominantly been due to market factors rather than U.S. federal economic or energy policies.

Responses weighted by each expert's confidence

Participant University Vote Confidence Bio/Vote History
Acemoglu
Daron Acemoglu
MIT Did Not Answer Bio/Vote History
Alesina
Alberto Alesina
Harvard Did Not Answer Bio/Vote History
Altonji
Joseph Altonji
Yale
Strongly Agree
9
Bio/Vote History
Auerbach
Alan Auerbach
Berkeley
Strongly Agree
9
Bio/Vote History
Autor
David Autor
MIT
Strongly Agree
8
Bio/Vote History
Baicker
Katherine Baicker
University of Chicago
Agree
4
Bio/Vote History
Bertrand
Marianne Bertrand
Chicago
Agree
1
Bio/Vote History
Chetty
Raj Chetty
Harvard
Agree
6
Bio/Vote History
Chevalier
Judith Chevalier
Yale
Agree
8
Bio/Vote History
Currie
Janet Currie
Princeton
Agree
7
Bio/Vote History
Cutler
David Cutler
Harvard
Agree
4
Bio/Vote History
Deaton
Angus Deaton
Princeton
Strongly Agree
9
Bio/Vote History
Duffie
Darrell Duffie
Stanford
Agree
7
Bio/Vote History
Supply and demand for oil are relatively global. US regulation does, however, have an influence on domestic supplies of some products.
Edlin
Aaron Edlin
Berkeley
Agree
8
Bio/Vote History
Eichengreen
Barry Eichengreen
Berkeley
Agree
9
Bio/Vote History
Fair
Ray Fair
Yale
Strongly Agree
7
Bio/Vote History
Goldberg
Pinelopi Goldberg
Yale
Agree
6
Bio/Vote History
US domestic policy has only tiny effects on the world price of oil. US foreign policy is probably more relevant than energy policy.
Goldin
Claudia Goldin
Harvard
Strongly Agree
5
Bio/Vote History
Goolsbee
Austan Goolsbee
Chicago
Strongly Agree
9
Bio/Vote History
Greenstone
Michael Greenstone
University of Chicago
Strongly Agree
8
Bio/Vote History
Hall
Robert Hall
Stanford
Strongly Agree
8
Bio/Vote History
Policy has basically permitted free trade in oil and oil products.
Holmström
Bengt Holmström
MIT
Agree
7
Bio/Vote History
Hoxby
Caroline Hoxby
Stanford
Uncertain
7
Bio/Vote History
Direct effect (e.g.via oil reserve) of Fed energy policy on short term prices=negligible. Effect on long-run prices could be considerable.
Judd
Kenneth Judd
Stanford
Strongly Agree
9
Bio/Vote History
Kashyap
Anil Kashyap
Chicago Booth
Agree
7
Bio/Vote History
Klenow
Pete Klenow
Stanford
Strongly Agree
5
Bio/Vote History
Lazear
Edward Lazear
Stanford
Agree
8
Bio/Vote History
Govt policy that affects supply feeds into market prices over the long run. Short run variations are almost completely unrelated to govt.
Levin
Jonathan Levin
Stanford
Agree
5
Bio/Vote History
Maskin
Eric Maskin
Harvard
Agree
7
Bio/Vote History
Nordhaus
William Nordhaus
Yale
Strongly Agree
9
Bio/Vote History
Obstfeld
Maurice Obstfeld
Berkeley
Strongly Agree
9
Bio/Vote History
Rouse
Cecilia Rouse
Princeton
Strongly Agree
8
Bio/Vote History
Saez
Emmanuel Saez
Berkeley
Strongly Agree
5
Bio/Vote History
Scheinkman
José Scheinkman
Columbia University
Agree
6
Bio/Vote History
Schmalensee
Richard Schmalensee
MIT
Strongly Agree
9
Bio/Vote History
Shin
Hyun Song Shin
Princeton
Agree
8
Bio/Vote History
Stock
James Stock
Harvard
Agree
9
Bio/Vote History
Stokey
Nancy Stokey
University of Chicago
Uncertain
4
Bio/Vote History
US energy policy (about where drilling is permitted, energy taxes) affects market outcomes, so an either-or question is a little off base.
Thaler
Richard Thaler
Chicago Booth
Strongly Agree
9
Bio/Vote History
Udry
Christopher Udry
Northwestern
Strongly Agree
8
Bio/Vote History
Zingales
Luigi Zingales
Chicago Booth
Uncertain
3
Bio/Vote History