Besides temporal and spatial aggregation issues in the analysis of asymmetric response of retail gasoline prices … station-specific retail and wholesale gasoline prices for 12,613 geographically diverse stations. Based on individual station …

The purpose of the paper is to test the hypothesis about asymmetric price transmission between the fuel markets. The … asymmetric price adjustments (especially in new EU member states) is the behaviour of petrol stations and not of oil companies … entailing the risk of severe distortion of the estimation results. Moreover, the interpretation of a dummy variable present in …