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Keywords:Gasoline 

Journal Article
Making sense of high oil prices - a conversation with Stephen P.A. Brown
AUTHORS: Brown, Stephen P. A.
DATE: 2006-07

Journal Article
Houston after the hurricanes
AUTHORS: Gilmer, Robert W.
DATE: 2005-10

Journal Article
In the eye of the storm: gasoline markets after the hurricanes
AUTHORS: Fernandez, Adriana; Story, Jonathan; Gilmer, Robert W.
DATE: 2006-06

Journal Article
Domestic gasoline prices
AUTHORS: Dew, Kurt
DATE: 1977

Journal Article
Crude oil and the price of unleaded gasoline
AUTHORS: Schmidt, Ronald H.
DATE: 1988

Journal Article
For want of a gallon
AUTHORS: Burke, William
DATE: 1973

Journal Article
Gas-price inflation
AUTHORS: DiCecio, Riccardo
DATE: 2006-06

Journal Article
Gasoline affordability
AUTHORS: Gavin, William T.
DATE: 2004-11

Journal Article
Using Brent and WTI oil prices to predict gasoline prices
The spot prices of West Texas Intermediate and Brent crude oil recently diverged. If this divergence persists, economists and energy analysts may want to focus on Brent prices when predicting the level of gasoline prices.
AUTHORS: Kliesen, Kevin L.; Owyang, Michael T.
DATE: 2011

Working Paper
Do energy prices respond to U.S. macroeconomic news? a test of the hypothesis of predetermined energy prices
Models that treat innovations to the price of energy as predetermined with respect to U.S. macroeconomic aggregates are widely used in the literature. For example, it is common to order energy prices first in recursively identified VAR models of the transmission of energy price shocks. Since exactly identifying assumptions are inherently untestable, this approach in practice has required an act of faith in the empirical plausibility of the delay restriction used for identification. An alternative view that would invalidate such models is that energy prices respond instantaneously to macroeconomic news, implying that energy prices should be ordered last in recursively identified VAR models. In this paper, we propose a formal test of the identifying assumption that energy prices are predetermined with respect to U.S. macroeconomic aggregates. Our test is based on regressing cumulative changes in daily energy prices on daily news from U.S. macroeconomic data releases. Using a wide range of macroeconomic news, we find no compelling evidence of feedback at daily or monthly horizons, contradicting the view that energy prices respond instantaneously to macroeconomic news and supporting the use of delay restrictions for identification.
AUTHORS: Vega, Clara; Kilian, Lutz
DATE: 2008

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