The spot prices of West Texas Intermediate and Brent crude oil recently diverged. If this divergence persists …, economists and energy analysts may want to focus on Brent prices when predicting the level of gasoline prices. …

in oil prices are best understood as endogenous. Oil price shocks in the 1970s and early 1980s and the 2000s reflect …

the technology is evolving. Prices of competing energy sources at levels seen today will likely stimulate continued rapid …

and other speculators. This article quantifies the role that speculation played in the rise of oil prices during the past …

of index funds over the past decade is a cause of high commodity prices. …

from historic norms raises an interesting question--what drives diesel prices? As with virtually all petroleum …-derived products, the story begins with oil prices. Seasonal patterns also play a significant role. Demand for a range of oil …-based products changes with the weather, and prices fluctuate as refiners adjust their output mix. Government regulations are another …