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Correlation in growth of road transport energy consumption vs growth in fuel prices

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The figure shows a combination of growth in road transport energy consumption and development in fuel prices (in constant prices) over the period 1991-2002

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A correlation between decreasing fuel prices and high transport volume growth is clearly visible. This does not imply that price development in itself can explain the transport volume development, but clearly indicates that price is likely to have played a role. NB: For the EU-15, except theUnited Kingdom, Denmark, Austria, Finland, Luxemburg and Sweden, because of lack of data on share of diesel and petrol in fuel sales.
Geographical coverage note: NB: For the EU-15, except the United Kingdom, Denmark, Austria, Finland, Luxemburg and Sweden, because of lack of data on share of diesel and petrol in fuel sales.

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