Event Title

The Effects of Gasoline Prices on Alcohol Related Incidents

Location

CSU 201

Start Date

18-4-2016 3:15 PM

End Date

18-4-2016 4:15 PM

Student's Major

Economics

Student's College

Social and Behavioral Sciences

Mentor's Name

Kwang Woo Park

Mentor's Department

Economics

Mentor's College

Social and Behavioral Sciences

Description

There were 25,258 alcohol related incidents in 2015 in Minnesota. These incidents including fatalities cost Minnesota over $200 million dollars. (DSP MN) All of these fatalities and incidents are completely preventable and may have a relationship to the price of gasoline. This project will look at the price of gasoline’s effect on the number of alcohol related incidents in Minnesota. The data will be monthly from the years 2005-2014 focusing on Minnesota. This time period shows a significant level of fluctuations in prices of gasoline. The model will also take into effect the monthly unemployment rate as a factor that shows economic conditions. The trends seem to show that as the price of gasoline goes up there are fewer alcohol related incidents. Which may be related to a decrease in recreational funds. The opposite is true as well. As the gas price decreases there is a higher number of alcohol related incidents. People have more money to spend since they are not paying as much per gallon of gas. The results can lead to a policy implementation when the price of gasoline is changing significantly. There could be a higher number of patrol vehicles out to watch for drunk drivers when the price of gasoline is lower and they may decrease the number of patrols when the price is higher. They may also implement a harsher penalty for those caught drinking and driving during specific time periods.

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Apr 18th, 3:15 PM Apr 18th, 4:15 PM

The Effects of Gasoline Prices on Alcohol Related Incidents

CSU 201

There were 25,258 alcohol related incidents in 2015 in Minnesota. These incidents including fatalities cost Minnesota over $200 million dollars. (DSP MN) All of these fatalities and incidents are completely preventable and may have a relationship to the price of gasoline. This project will look at the price of gasoline’s effect on the number of alcohol related incidents in Minnesota. The data will be monthly from the years 2005-2014 focusing on Minnesota. This time period shows a significant level of fluctuations in prices of gasoline. The model will also take into effect the monthly unemployment rate as a factor that shows economic conditions. The trends seem to show that as the price of gasoline goes up there are fewer alcohol related incidents. Which may be related to a decrease in recreational funds. The opposite is true as well. As the gas price decreases there is a higher number of alcohol related incidents. People have more money to spend since they are not paying as much per gallon of gas. The results can lead to a policy implementation when the price of gasoline is changing significantly. There could be a higher number of patrol vehicles out to watch for drunk drivers when the price of gasoline is lower and they may decrease the number of patrols when the price is higher. They may also implement a harsher penalty for those caught drinking and driving during specific time periods.

Recommended Citation

Boswell, Katie. "The Effects of Gasoline Prices on Alcohol Related Incidents." Undergraduate Research Symposium, Mankato, MN, April 18, 2016.
http://cornerstone.lib.mnsu.edu/urs/2016/oral-session-14/2