Impact of Fuel Price Increase on Urban and Interstate Travel Demands

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Arfaei Yazdi Pour, Masoud | 2021

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Type of Document: M.Sc. Thesis
Language: Farsi
Document No: 54544 (09)
University: Sharif University of Technology
Department: Civil Engineering
Advisor(s): Samimi, Amir
Abstract:
This study evaluates the impact of fuel price increase on urban and interstate travel demands via the linear regression model. Indeed this study has two aims. First, analyze the effect of fuel price increase on travel demands of two modes of transit ridership (Subway and Bus Rapid Transit), and determine the cross elasticity of demands. To achieve the demands, the origin-destination matrix of each mode was obtained using automated fare collection data and the trip-chaining method. Second, examine the impact of fuel price increase on interstate travel demands and provide the elasticity of vehicle-kilometer traveled with respect to fuel price. The ordinary least-square method was used to obtain these values, and different dummy variables were included in the models to see seasonality and some special events. The Cross elasticity of Subway and Bus Rapid Transit demands was obtained 0.1 and 0.08 respectively, and the elasticity of vehicle-kilometer traveled was gained -0.19. The results are consistent with previous researches, and all the elasticities are small and below unity
Keywords:
Transit ; Vehicle-Kilometer Traveled (VKT) ; Elasticity ; Linear Regression ; Fuel Price Increase ; Interstate Travel Demand ; Passenger-Kilometer Traveled ; Fuel Demand

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