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The purpose of the present paper is to test for asymmetry in the Greek retail gasoline price adjustments to crude oil … price changes for the period January 2005-July 2012.The empirical analysis provides evidence that the adjustment of gasoline … gasoline prices when crude oil prices fall, but rush to increase them when crude oil prices rise, in an effort to maximise …
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The present paper investigates whether Greek gasoline prices respond symmetrically to changes in international oil … gasoline prices to international oil price changes turns out to be asymmetric. This finding shows that the suppliers of … gasoline tend to reduce their retail prices slowly when international oil prices fall, but increase them faster when …
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Crude oil popularly known as black gold is one among the vital energy resources throughout the world and with the rapid economic development the crude oil demand among the Asian countries has been rising rapidly, where in this perspective Asian countries form to a large chunk of crude oil...
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