This paper examines the relationship between spot and futures prices for energy commodities (crude oil, gasoline …

Our empirical investigation confirms the common belief that retail gasoline prices react more quickly to increases in … crude oil prices than to decreases. Nearly all of the response to a crude oil price increase shows up in the pump price … producers or distributors, or it could result from inventory adjustment costs. By analyzing price transmission at different …

Did the 1973 and 1979 gasoline price rises change consumer views about the relative quality of different cars? This … effect of gasoline price increases but also for the effects of changes in other prices and income, we develop two alternative … fraction of the coefficient change that did occur during this period can be attributed to the gasoline price increase alone …

expensive for consumers to operate an automobile. In this paper we investigate whether consumers have adjusted to gasoline price … car markets. We find that a $1 increase in gasoline price changes the market shares of the most and least fuel …-efficient quartiles of new cars by +20% and -24%, respectively. In contrast, the same gasoline price increase changes the market shares of …

to 2005, we examine the effects of gasoline prices on the automotive fleet's composition. We find that high gasoline … estimates suggest that a 10% increase in gasoline prices from 2005 levels will generate a 0.22% increase in fleet fuel economy …

Some gasoline markets exhibit remarkable price cycles, where price spikes are followed by a string of small price … declines until the next price spike. This pattern is predicted from a model of competition driven by Edgeworth cycles, as … independent retailers that have convenience stores are more likely to cycle. We also find that the average gasoline prices are …

effect of gasoline prices on grocery expenditures. Using detailed scanner data from a large grocery chain as well as data …-consumption categories in order to offset necessary increases in gasoline expenditures when gasoline prices rise. We show that gasoline … expenditures rise one-for-one with gasoline prices, consumers substitute away from food-away-from-home and towards groceries in …

subsequent reinstatement, of the 5% gasoline sales tax in Illinois and Indiana following a temporary price spike in the spring of …

The menu-cost interpretation of sticky prices implies that the probability of a price change should depend on the past … history of prices and fundamentals only through the gap between the current price and the frictionless price. We find that … this prediction is broadly consistent with the behavior of 9 Philadelphia gasoline wholesalers. We nevertheless reject the …