What Drives U S Gasoline Prices
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Author | : Mr. Kangni R Kpodar |
Publisher | : International Monetary Fund |
Total Pages | : 34 |
Release | : 2021-11-12 |
Genre | : Business & Economics |
ISBN | : 1616356154 |
This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Author | : U. S. Department U.S. Department of Energy |
Publisher | : CreateSpace |
Total Pages | : 42 |
Release | : 2015-01-17 |
Genre | : |
ISBN | : 9781507584217 |
This analysis provides context for considering the impact of rising domestic light crude oil production on the price that U.S. consumers pay for gasoline, and provides a framework to consider how changes to existing U.S. crude oil export restrictions might affect gasoline prices. Given the likelihood of continued growth in domestic crude production, and the recognition that some absorption options, such as like-for-like replacement of imported crude oil streams, are inherently limited, the possibility that a relaxation of current policy limitations on crude exports might affect domestic and international markets for both crude oil and products, particularly gasoline, is an important issue. EIA's analysis of the factors affecting U.S. gasoline prices is twofold. The analysis first considers the relationship between U.S. spot gasoline prices and international and domestic spot crude oil prices, represented by Brent and West Texas Intermediate (WTI), respectively. The second part of the analysis focuses on the interrelationship of U.S. and worldwide gasoline prices and the extent to which global gasoline prices are important in determining U.S. gasoline prices. This analysis takes into account regional and global gasoline supply/demand balances and arbitrage, as well as how the competitive advantage of U.S. Gulf Coast (USGC) refineries is changing the dynamics of U.S. regional and global gasoline pricing.
Author | : Christopher Steiner |
Publisher | : Grand Central Publishing |
Total Pages | : 184 |
Release | : 2009-07-15 |
Genre | : Social Science |
ISBN | : 0446562025 |
An extraordinarily insightful and thought-provoking look at how our society and culture are going to change, and change rapidly, as the price of gasoline, heating oil, and all other everyday consumer products that are derived from oil continue to escalate. Imagine an everyday world in which the price of gasoline (and oil) continues to go up, and up, and up. Think about the immediate impact that would have on our lives. Of course, everybody already knows how about gasoline has affected our driving habits. People can't wait to junk their gas-guzzling SUVs for a new Prius. But there are more, not-so-obvious changes on the horizon that Chris Steiner tracks brilliantly in this provocative work. Consider the following societal changes: people who own homes in far-off suburbs will soon realize that there's no longer any market for their houses (reason: nobody wants to live too far away because it's too expensive to commute to work). Telecommuting will begin to expand rapidly. Trains will become the mode of national transportation (as it used to be) as the price of flying becomes prohibitive. Families will begin to migrate southward as the price of heating northern homes in the winter is too pricey. Cheap everyday items that are comprised of plastic will go away because of the rising price to produce them (plastic is derived from oil). And this is just the beginning of a huge and overwhelming domino effect that our way of life will undergo in the years to come. Steiner, an engineer by training before turning to journalism, sees how this simple but constant rise in oil and gas prices will totally re-structure our lifestyle. But what may be surprising to readers is that all of these changes may not be negative - but actually will usher in some new and very promising aspects of our society. Steiner will probe how the liberation of technology and innovation, triggered by climbing gas prices, will change our lives. The book may start as an alarmist's exercise.... but don't be misled. The future will be exhilarating.
Author | : United States. Congress. Senate. Committee on Small Business and Entrepreneurship |
Publisher | : |
Total Pages | : 96 |
Release | : 2007 |
Genre | : Business & Economics |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 568 |
Release | : 2007 |
Genre | : Labor laws and legislation |
ISBN | : |
Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.
Author | : Sofya Alterman |
Publisher | : |
Total Pages | : 50 |
Release | : 2012 |
Genre | : Gas industry |
ISBN | : 9781907555435 |
Author | : Ramazan Gençay |
Publisher | : Elsevier |
Total Pages | : 383 |
Release | : 2001-10-12 |
Genre | : Business & Economics |
ISBN | : 0080509223 |
An Introduction to Wavelets and Other Filtering Methods in Finance and Economics presents a unified view of filtering techniques with a special focus on wavelet analysis in finance and economics. It emphasizes the methods and explanations of the theory that underlies them. It also concentrates on exactly what wavelet analysis (and filtering methods in general) can reveal about a time series. It offers testing issues which can be performed with wavelets in conjunction with the multi-resolution analysis. The descriptive focus of the book avoids proofs and provides easy access to a wide spectrum of parametric and nonparametric filtering methods. Examples and empirical applications will show readers the capabilities, advantages, and disadvantages of each method. - The first book to present a unified view of filtering techniques - Concentrates on exactly what wavelets analysis and filtering methods in general can reveal about a time series - Provides easy access to a wide spectrum of parametric and non-parametric filtering methods
Author | : |
Publisher | : |
Total Pages | : 288 |
Release | : 2013 |
Genre | : |
ISBN | : |
Author | : |
Publisher | : DIANE Publishing |
Total Pages | : 166 |
Release | : 2005 |
Genre | : Gasoline |
ISBN | : 1428950044 |
Author | : |
Publisher | : |
Total Pages | : 74 |
Release | : 1986 |
Genre | : Energy consumption |
ISBN | : |