EconPapers    
Economics at your fingertips  
 

Crude oil and gasoline prices: an asymmetric relationship?

Nathan Balke (), Stephen Brown and Mine Yucel

Economic and Financial Policy Review, 1998, issue Q 1, 2-11

Abstract: Gasoline is the petroleum product whose price is most visible and, therefore, always under public scrutiny. Many claim there is an asymmetric relationship between gasoline and oil prices - specifically, gasoline price changes follow oil price changes more quickly when oil prices are rising than when they are falling. To explore this issue, Nathan Balke, Stephen Brown and Mine Yucel use several different model specifications to analyze the relationship between oil prices and the spot, wholesale, and retail prices of gasoline. They find asymmetry is sensitive to model specification but is pervasive with the most general model.

Keywords: Prices; Petroleum industry and trade (search for similar items in EconPapers)
Date: 1998
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (99) Track citations by RSS feed

Downloads: (external link)
http://www.dallasfed.org/assets/documents/research/er/1998/er9801a.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedder:y:1998:i:q1:p:2-11

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Economic and Financial Policy Review from Federal Reserve Bank of Dallas Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2020-10-20
Handle: RePEc:fip:fedder:y:1998:i:q1:p:2-11