An NTUA Diploma Thesis called “Impact analysis of gasoline price on traffic conditions in Athens” was recently presented by Stylianos Peithis. For the purpose of this Diploma Thesis, data concerning traffic conditions, gasoline prices and a wide variety of traffic shaping factors such as weather data was collected. In order to accomplish this thesis’ objective Linear Mixed Effects models with random effect intercept were deployed using as independent variables various metrics with explanative power about traffic volume’s fluctuations. The results showed that the rise of gasoline prices has a negative impact on traffic volume while the impact of other factors such as weather conditions like temperature and rainfall are also substantial. Schools’ vacations, weekends and public holidays also have a decreasing impact in traffic conditions.