Abosedra, Salah; Radchenko, Stanislav - In: OPEC Energy Review 30 (2006) 3, pp. 125-150
This paper examines recent evidence on the role that gasoline margins and volatility play in the asymmetric response of gasoline prices to changes in oil prices at different stages of distribution process. In a regression model with margins, we find that margins are statistically significant in...