Factors Impacting Gasoline Prices and Areas for Further Study
Different Factors Impact Different Aspects of Gasoline Price
Correlation of Price to Inventory Levels
Crude Prices Strongly Related to OECD.Crude & Product Inventories
Gasoline Prices Also Influenced by Regional Gasoline Product Markets
Tight Product Balance Pushes Up Product Spread (Spot Product – Crude Price)
Retail Price Changes Lag Spot Prices
Cumulative Gasoline Price Pass-through
Illustration of How Lag Effect Dampens and Slows Retail Price Changes from Wholesale
Recent Weekly Retail Price Changes Have Been as Expected
Summary: Most Gasoline Price Movement Can Be Explained As Rational Market Behavior
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