Are Low Gas Prices Impacting Ridership at Metro?
As gasoline prices drop and commuters feel less pain at the pump, do they drive more and take Metro less? The short answer is maybe, but not much.
In recent months, gasoline prices in the Washington region have dropped by over a dollar per gallon, to a near-record low of around $2.50 per gallon. Here’s how gas prices have changed in the last 11 years (unadjusted for inflation):
Below is a simple scatter plot comparing those prices to bus and rail ridership to gasoline prices, by month, for the last 11 years. It shows that gas prices have a very small, nearly negligible, effect on Metro ridership. The relationship is essentially zero for Metrobus, and barely detectable on Metrorail as a whole, as pictured below. The link is best with off-peak rail ridership (R2 = 0.24) compared to peak ridership (R2 = 0.09), suggesting that off-peak Metrorail riders are most sensitive to gas prices. (Not pictured.) Read more…
Recent Comments