Rockets and Feathers: Why Don't Gasoline Prices Always Move in Sync with Oil Prices?

Michael Owyang and E. Katarina Vermann

The Regional Economist, 2014

Abstract: Given that Americans still spend a considerable portion of their budget on gasoline (just under 4 percent in 2012), it?s important to understand why gas prices don?t always move in sync with oil prices. The latter are determined in a more-or-less centralized market, but the market for gas is often local, with prices affected by location, season and taxes, among other factors.

Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://www.stlouisfed.org/~/media/Files/PDFs/publ ... 014/d/oil_prices.pdf Full text (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:fedlre:00050

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in The Regional Economist from Federal Reserve Bank of St. Louis Contact information at EDIRC.
Bibliographic data for series maintained by Scott St. Louis ().