Characteristics of petroleum product prices: A survey

Louis H. Ederington, Chitru S. Fernando, Seth A. Hoelscher, Thomas K. Lee and Scott Linn

Journal of Commodity Markets, 2019, vol. 14, issue C, 1-15

Abstract: We review and synthesize the empirical evidence on several factors related to petroleum product prices: (1) the general distributional characteristics of petroleum product prices; (2) the influence of refinery outages, extreme weather, and similar circumstances on product prices; (3) the way that price discovery occurs for petroleum products; (4) the predictive accuracy of petroleum product futures prices for future spot prices; and (5) the impact of speculation on product prices.

Keywords: Petroleum product prices; Commodities; Energy economics (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jocoma:v:14:y:2019:i:c:p:1-15

DOI: 10.1016/j.jcomm.2018.09.001

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