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Rockets and Feathers: Why Don't Gasoline Prices Always Move in Sync with Oil Prices?

Author

Listed:
  • Michael T. Owyang
  • E. Katarina Vermann

Abstract

Given that Americans still spend a considerable portion of their budget on gasoline (just under 4 percent in 2012), it?s important to understand why gas prices don?t always move in sync with oil prices. The latter are determined in a more-or-less centralized market, but the market for gas is often local, with prices affected by location, season and taxes, among other factors.

Suggested Citation

  • Michael T. Owyang & E. Katarina Vermann, 2014. "Rockets and Feathers: Why Don't Gasoline Prices Always Move in Sync with Oil Prices?," The Regional Economist, Federal Reserve Bank of St. Louis, October.
  • Handle: RePEc:fip:fedlre:00050
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    Cited by:

    1. Li, Jing & Stock, James H., 2019. "Cost pass-through to higher ethanol blends at the pump: Evidence from Minnesota gas station data," Journal of Environmental Economics and Management, Elsevier, vol. 93(C), pages 1-19.
    2. Ederington, Louis H. & Fernando, Chitru S. & Hoelscher, Seth A. & Lee, Thomas K. & Linn, Scott C., 2019. "A review of the evidence on the relation between crude oil prices and petroleum product prices," Journal of Commodity Markets, Elsevier, vol. 13(C), pages 1-15.
    3. Bittmann, Thomas & Holzer, Patrick & Loy, Jens-Peter, 2016. "Seasonal Cost Pass-Through In The German Milk Market," 56th Annual Conference, Bonn, Germany, September 28-30, 2016 244779, German Association of Agricultural Economists (GEWISOLA).
    4. Christopher R. Knittel & Ben S. Meiselman & James H. Stock, 2017. "The Pass-Through of RIN Prices to Wholesale and Retail Fuels under the Renewable Fuel Standard," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 4(4), pages 1081-1119.

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