Are US gasoline price adjustments asymmetric?

B. Bhaskara Rao and Gyaneshwar Rao
Authors registered in the RePEc Author Service: B. Bhaskara Rao ()

Applied Economics Letters, 2008, vol. 15, issue 6, pages 443-447

Abstract: We use the LSE-Hendry general to specific approach to analyse if US gasoline price adjustments are asymmetric with respect to changes in crude oil prices. Furthermore, we modify some weaknesses in the earlier works by Borenstein et al. (1997) and Bachmeier and Griffin (2003) and shows that if the price adjustment equations are properly specified and estimated, alternative specifications and temporal aggregation of data do not affect the results. Monthly US data are used to show that alternative specifications give equally good results and there is no asymmetry in the US gasoline price adjustments.

Date: 2008

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Related works:
Working Paper: ARE US GASOLINE PRICE ADJUSTMENTS ASYMMETRIC? (2005)
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