Retail petroleum markets in Mexico are on the cusp of a historic deregulation. For decades, all 11,000 gasoline stations nationwide have carried the brand of the state-owned petroleum company Pemex and sold Pemex gasoline at federally regulated …
We show that there is substantial variation in the fuel economy achieved on the road by drivers in identical vehicles and that the time costs of driving more efficiently make it unlikely that increasing gasoline taxes would substantially affect fuel …