Do Gasoline Prices Respond Asymmetrically to Crude Oil Price Changes?
نویسندگان
چکیده
منابع مشابه
Anticipated and unanticipated effects of crude oil prices and gasoline inventory changes on gasoline prices
This paper examines the effect of anticipated and unanticipated changes in oil prices and gasoline inventory on US gasoline prices. We estimate empirical responses to anticipated and unanticipated changes in oil prices and gasoline inventory and show that gasoline price adjustments are faster and stronger for anticipated changes in oil prices and inventory levels than for unanticipated changes....
متن کاملAnticipated and unanticipated effects of crude oil prices and oil inventory changes on gasoline prices
This paper proposes a method of distinguishing between the effect of anticipated and unanticipated changes in oil prices and oil inventories on the US gasoline prices. I show that gasoline price adjustments are faster and stronger for anticipated changes in oil prices and inventory levels than for unanticipated changes. The dynamics of the gasoline price response depends on the relative importa...
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Gasoline accounts for about half the U.S. consumption of petroleum products, and its price is the most visible among these products. As such, changes in gasoline prices are always under public scrutiny. Many claim to observe an asymmetric relationship between gasoline and oil prices—specifically that gasoline prices respond more quickly when oil prices are rising than when oil prices are fallin...
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ژورنال
عنوان ژورنال: The Quarterly Journal of Economics
سال: 1997
ISSN: 0033-5533,1531-4650
DOI: 10.1162/003355397555118