This article provides an overview of the burgeoning academic literature on price dynamics and price cycles in retail … petrol markets. I first present evidence of petrol price cycles, and studies that describe what types of petrol markets tend … to exhibit price cycles. I further discuss empirical investigations of firms' pricing strategies in cycling markets. In …

This paper investigates the asymmetric response of gasoline prices to changes in input costs, otherwise known as the … rockets and feathers hypothesis. Using daily data for Western Australia, I estimate a multi-level error correction model (ECM …-at-pump prices, but no evidence in the short-run dynamics. Furthermore, the fact that firms adopt a uniform price cycle within the …