When oil prices jump, is speculation to blame?

Brett W. Fawley, Luciana Juvenal and Ivan Petrella

The Regional Economist, 2012, issue Apr

Abstract: Whenever the price at the pump climbs week after week, people start pointing fingers at investment banks, hedge funds and other speculators. This article quantifies the role that speculation played in the rise of oil prices during the past decade.

Keywords: Gasoline; Petroleum industry and trade; Petroleum products - Prices (search for similar items in EconPapers)
Date: 2012
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