Gasoline prices influence where households decide to locate by changing the cost of commuting. Consequently, the … substantial increase in gas prices since 2003 may have reduced the demand for housing in areas far from employment centers … 2008, we find that a 10 percent increase in gas prices leads to a 10 percent decrease in construction after 4 years in …

spot-futures spread), confirming that spot prices mean-revert and normally exceed discounted futures. However, these … percent of daily returns, suggesting other factors are important, too. In this paper, I specify a structural oil-market model …. In addition, I find reversion of spot to futures prices only when backwardation is severe. Convenience yield behaves …

-related changes in prices were found to be very small. …