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Task 3: Marine Fuels Demand

Abstract

This task looks at a major U.S. port (Seattle/Tacoma) and two international ports (Panama and Singapore) to see if there are differences in price elasticity of demand and to formulate a demand curve. ​ We would like to also obtain data for a California port (LA/Long Beach) in order to do an analysis on substitution effects.​ FY2021 Q3-Q4:​ Once we have a better understanding of consumer behavior, we will estimate the potential impacts on the demand curve of different blend levels and fuel quality parameters, coordinating with Tasks 5.1 and 5.2.