industry’'s phasedown of lead in gasoline. Using a panel of refineries from 1971 to 1995, we provide some of the first direct …

discusses market operation in quality-constrained sectors, like gasoline and additives; processors expand output until marginal … processing cost equals the processing margin between product revenues and raw material costs; retailers who buy gasoline and … additives from processors and sell blended retail gasoline price sales at a marginal cost that includes the blended input value …

. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane …

. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane …

The springs of 1996 and 1997 provide an excellent example of contrasting gasoline market dynamics. In spring 1996 …, tightening crude oil markets pushed up gasoline prices sharply, adding to the normal seasonal gasoline price increases; however …, in spring 1997, crude oil markets loosened and crude oil prices fell, bringing gasoline prices down. This pattern was …

. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane …

This report examines a recurring question about gasoline markets: why, especially in times of high price volatility, do … retail gasoline prices seem to rise quickly but fall back more slowly? Do gasoline prices actually rise faster than they fall …, academia and industry. The question is very important, because perceived problems with retail gasoline pricing have been used …