Posts Tagged ‘gas prices’

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    One Reason We Think a High Price Looks Low

    Jan 22, 15 • 1013 Views • No Comments

    Through a behavioral economics lens, our reaction to a price relates to a frame or reference point that creates an association with a gain or a loss......  [read more]

  • Gasoline prices add 9/10 at the margin

    A New Name for Price Gouging

    Nov 2, 12 • 606 Views • No Comments

    Yesterday, a friend of mine waited on a gas line for 3 hours to fill his tank. The price was close to normal but the line was not. Hearing about gas lines, I remembered when Boston’s water supply was temporarily undrinkable several years ago and......  [read more]

  • California Consumers and Gas Prices

    Oct 9, 12 • 748 Views • No Comments

    How might California be responding to $5.00 gas? Let’s start with bread machines. Behavioral economist Dan Ariely explains that when one of the first sellers of bread machines placed it on the shelf, few people were interested because they could not......  [read more]

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    Animal Spirits and Gas Prices

    May 24, 11 • 540 Views • No Comments

    Is a 9-cent drop enough to ignite our “animal spirits?” The 9-cent decrease refers to the average national price of a gallon of regular gasoline. And “animal spirits” is the optimism that leads to more buying and investing. During the......  [read more]

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    A Tank of Gas

    Apr 27, 11 • 709 Views • No Comments

    A tank of gas is not just a tank of gas. Isn’t it a spending decision? The national average for a gallon of regular is close to $3.88 and higher in California. July 2008 was the last time we dealt with 4 dollar gas. One economist estimated that 4 dollar......  [read more]