Bachmeier, Lance - In: Economics Letters 120 (2013) 1, pp. 71-73
This paper presents evidence that the price of oil does not respond contemporaneously to shocks to the US gasoline … market. We find no support for the hypothesis of feedback from the US gasoline market to the price of oil, justifying the … implications for tests of asymmetric gasoline price responses and forecasting models of the price of crude oil. …