Gasoline cheaper price

Hello, The IMPLAN model and Input-Output Analysis is based on a few Key Assumptions that make this analysis a bit tricky without further information. It assumes static pricing in that the price changes will not fluctuate based on an impact. To be able to model something like this, you would need to know how consumers changed their spending, in terms of what they spent their money on instead of gas, as well as how much they spent on these items. You would also need to have an estimate of how much was saved verse how much was spent, as only funds used to make new purchases would have an impact, saved money would not. If you do have this information, based on what you have we can make a recommendation on how to model it.