Understanding Gasoline Price Dispersion
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- Created Date
- 2016-05-26
- Description
This paper models and estimates the gasoline price dispersion across time and space by using a unique data set at the gas-station level within the U.S.. Nationwide effects (measured by time fixed effects or crude oil prices) explain up to about 51% of the gasoline price dispersion across stations. Refinery-specific costs, which have been ignored in the literature due to using local data sets within the U.S., contribute up to another 33% to the price dispersion. While state taxes explain about 12% of the price dispersion, spatial factors such as local agglomeration externalities, land prices, distribution costs of gasoline explain up to about 4%. The contribution of brand-specific factors is relatively minor.
- Creator
Yilmazkuday, Demet
Yilmazkuday, Hakan
- Contributing Institution
- Florida International University Libraries
- Publisher
- Florida International University
- Subjects
- Economics
- Standardized Rights Statement
- In Copyright:This Item is protected by copyright and/or related rights. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s).
- Chicago citation style
- Yilmazkuday, Demet, Yilmazkuday, Hakan. Understanding Gasoline Price Dispersion. 2016-05-26. Retrieved from the Digital Public Library of America, https://digitalcommons.fiu.edu/economics_wps/109. (Accessed April 18, 2024.)
- APA citation style
- Yilmazkuday, Demet, Yilmazkuday, Hakan, (2016-05-26) Understanding Gasoline Price Dispersion. Retrieved from the Digital Public Library of America, https://digitalcommons.fiu.edu/economics_wps/109
- MLA citation style
- Yilmazkuday, Demet, Yilmazkuday, Hakan. Retrieved from the Digital Public Library of America <https://digitalcommons.fiu.edu/economics_wps/109>.