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 st...

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Bibliographic Details
Published in:Energy economics 2011-09, Vol.33 (5), p.758-769
Main Authors: Radchenko, Stanislav, Shapiro, Dmitry
Format: Article
Language:English
Subjects:
Adjustment
Anticipated price changes
Applied sciences
Changes
Cost
Crude oil
Crude oil prices
Economic data
Economics
Energy
Energy economics
Energy market
Energy policy
Exact sciences and technology
Expectations
Fossil fuels and derived products
Gasoline
Gasoline inventory
Gasoline price response
Gasoline price response Anticipated price changes Gasoline inventory Lags in gasoline adjustment Unanticipated price changes
Gasoline prices
General, economic and professional studies
Inventories
Inventory
Lags in gasoline adjustment
Oil
Oil demand
Oil market
Oil price
oils
Petrol
Petroleum
Petroleum industry
Price formation
Price variance
Prices
Studies
U.S.A
Unanticipated price changes
United States
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