Journal Article
Rockets and Feathers: Why Don't Gasoline Prices Always Move in Sync with Oil Prices?
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.
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: The Regional Economist
Publication Date: 2014-10
Order Number: 4-9