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	<title>Sightline InstituteIs Gas Elastic? - Sightline Institute</title>
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		<title>Is Gas Elastic?</title>
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		<pubDate>Tue, 20 Sep 2005 15:24:56 +0000</pubDate>
		<description><![CDATA[High gas prices aren't reducing consumption in Washington. | In 1999 you could buy a gallon of gas in Washington state for less than a buck.&nbsp; As recently as 3 years ago, gas prices averaged about&nbsp; $1.20 a gallon.&nbsp; Right now, though, expect to shell out about $2.85. So what has a 136% price hike done to gasoline consumption?&nbsp; As it turns out, not a lot.&nbsp; In 2002, the average Washington resident went through about 8.4 gallons of gas...]]></description>
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