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.
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.
https://cornerstone.lib.mnsu.edu/urs/2016/oral-session-14/2
