The purpose of the present paper is to test for asymmetry in the Greek retail gasoline price adjustments to crude oil … price changes for the period January 2005-July 2012.The empirical analysis provides evidence that the adjustment of gasoline … gasoline prices when crude oil prices fall, but rush to increase them when crude oil prices rise, in an effort to maximise …

This paper analyses the adjustment of gasoline prices in response to shocks in crude oil prices. We show that the … nature of the dynamic relationship between crude oil and gasoline prices changes in February 1999. For the pre-February 1999 … and the post-February 1999 sample we estimate a Threshold Vector Error-Correction Model for US gasoline prices and crude …

futures prices of gasoline and the spot prices of two major types of crude oil (i.e. WTI and Brent). The existence of … cointegration between prices in adjacent markets, crude oil spot and gasoline spot as well as gasoline spot and gasoline futures … cointegration in the chain of crude oil spot, gasoline spot, and gasoline futures markets. Among other results, we observe a bi …

This paper analyses the attributes and the significance of the roughness of oil market volatility. We employ unspanned … stochastic volatility models driven by rough Brownian motions that yield semi-analytical prices for futures options entailing … futures and provide empirical evidence of the roughness in oil volatility. Introducing just one additional parameter, the …

of gasoline. Relative to the previous literature, the distinguishing features of the present paper are: i) use of updated … and comparable data to carry out an international comparison of gasoline markets; ii) two-stage modeling of the … transmission of oil price shocks to gasoline prices (first refinery stage and second distribution stage), in order to assess …

This research examines the long-run relationship between the spot oil price and retail and wholesale gasoline prices …. Recent research suggests that the response of the retail gasoline price is faster and the size of the change is larger, in … adjustment of gasoline prices and the spot oil price suggest a long-run relationship between retail and wholesale gasoline prices …

the price of crude oil to the price of gasoline is asymmetric. Although there have been many contributions documenting … forecasting performance of econometric models incorporating asymmetric price transmission from crude oil to gasoline. In this …, while the ECM implies symmetric price transmission from crude oil to gasoline. We quantify the forecast accuracy gains due …