Many empirical studies state that retail gasoline and diesel prices react more quickly when the crude oil price rises …. The model allows us to compute average one-gallon gasoline and diesel price biases from the increase in oil by one dollar … gasoline and diesel reaction functions. The correspondent model is estimated with the system's generalised method of moments …

have investigated price interdependences in petroleum markets, particularly pass-through effects from oil to gasoline …Information on price transmission from crude oil to value-added fuels can disclose underlying market structures and … biodiesel. An understanding of pass-through price relationships between current energy inputs and outputs is crucial to …