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Fuel Prices and Station Heterogeneity on Retail Gasoline Markets

Manuel Siekmann, Justus Haucap () and Ulrich Heimeshoff

Annual Conference 2015 (Muenster): Economic Development - Theory and Policy from Verein für Socialpolitik / German Economic Association

Abstract: Price levels and movements on gasoline and diesel markets are heavily debated among consumers, policy-makers, and competition authorities alike. In this paper, we empirically investigate how and why price levels differ across gasoline stations in Germany, using eight months of data from a novel panel data set including price quotes from virtually all German stations. Our analysis specifically explores the role of station heterogeneity in explaining price differences across gasoline stations. Key determinants of price levels across fuel types are found to be ex-refinery prices as key input costs, a station's location on roads or highway service areas, and brand recognition. A lower number of station-specific services implies lower fuel price levels, so does a more heterogeneous local competitive environment.

JEL-codes: L11 L71 L13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com, nep-ene, nep-mkt, nep-tre and nep-ure
Date: 2015
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Related works:
Journal Article: Fuel Prices and Station Heterogeneity on Retail Gasoline Markets (2017) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc15:113040

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