01559862

Component

Communities are vulnerable to unexpected events, including fuel price shocks. Increases in fuel price lead to changes in people’s transportation expenditures and income budgets. The impact of fuel price shocks has received minimal attention in the literature, especially, with respect to immediate individual economic impact for transportation expenditures. This study assesses data from the Denver Regional Council of Governments to examine individual work tours grouped by home transportation analysis zones (TAZs). For all home TAZs, the percent of income spent on commuting expenses increases on average by 2.1% when fuel price doubles, and as high as 11% of household income. A transportation economic resilient (TER) rating is developed to evaluate home TAZs and measure the additional commuting expense per income when fuel price doubles. Distance, income and transit share are significant variables to determine TER ratings. Home TAZs with the lowest TER ratings are located on the outwards limits of the geographical area analyzed, and the best ratings are in downtown Denver.

This paper was sponsored by TRB committee ADD20 Social and Economic Factors of Transportation.

01550057

15-4889

English

22p

2015

Transportation Research Board 94th Annual Meeting

Digital/other

Figures; References; Tables

Commuting; Economic impacts; Expenditures; Fuels; Income; Prices; Traffic analysis zones

Denver (Colorado)

Economics; Highways; Public Transportation; I10: Economics and Administration; I70: Traffic and Transport

Transportation Research Board Annual Meeting 2015 Paper #15-4889

TRIS, TRB, ATRI

Dec 30 2014 1:38PM