Gasoline Price Spikes and Regional Gasoline Context Regulations

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Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (587 download)

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Book Synopsis Gasoline Price Spikes and Regional Gasoline Context Regulations by : Erich J. Muehlegger

Download or read book Gasoline Price Spikes and Regional Gasoline Context Regulations written by Erich J. Muehlegger and published by . This book was released on 2004 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: (cont.) The effect of incompatibility with federal RFG criteria, conditional on an in-state refinery outage, is 4.8, 6.6 and 7.1 cents per gallon in California, Illinois and Wisconsin. Controlling for the magnitude of local outages in these areas, I estimate that 72, 92 and 91 percent of price spikes created by local refinery outages could be mitigated by compatibility with federal RFG standards. I find that changes in refinery ownership in the late 19902s increase prices by 1.4 to 1.5 cpg in Illinois and Wisconsin and by 0.73 cents per gallon in California. A five-percent increase in domestic refining capacity reduces prices 3.7 to 3.8 cents per gallon in Illinois and Wisconsin and 4.3 cents per gallon in California.

Gasoline Price Spikes and Regional Gasoline Content Regulation

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Publisher :
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.:/5 (68 download)

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Book Synopsis Gasoline Price Spikes and Regional Gasoline Content Regulation by : Erich Muehlegger

Download or read book Gasoline Price Spikes and Regional Gasoline Content Regulation written by Erich Muehlegger and published by . This book was released on 2006 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the degree to which gasoline price spikes in California, Illinois and Wisconsin over 1995 to 2001 can be explained by regulatory differentiation - gasoline sold in California, Illinois and Wisconsin is chemically different than gasoline sold in other locations as a result of local regulation supplementary to the Clean Air Act Amendments of 1990. I specify a structural model based on the production optimization problem of refiners and estimate wholesale prices for jet fuel, diesel and four blends of gasoline in each geographic market. I then simulate a counterfactual in which gasoline in the three states meets federal requirements. Comparing the results from the counterfactual to the initial model, allows me to distinguish the degree to which prices spikes in these markets are the result of regulatory differentiation, rather than geographic heterogeneity. I estimate that 72, 92 and 91 percent of price spikes created by refinery fires in California, Illinois and Wisconsin could be mitigated by compatibility with federal RFG standards. Moreover, I also quantify the effect of two other factors thought to increase gasoline prices, (i) changes in refinery ownership and (ii) limited expansion of domestic refining capacity.

The Distributional Implications of the Impact of Fuel Price Increases on Inflation

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1616356154
Total Pages : 34 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis The Distributional Implications of the Impact of Fuel Price Increases on Inflation by : Mr. Kangni R Kpodar

Download or read book The Distributional Implications of the Impact of Fuel Price Increases on Inflation written by Mr. Kangni R Kpodar and published by International Monetary Fund. This book was released on 2021-11-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.

Gasoline price changes the dynamic of supply, demand, and competition.

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Author :
Publisher : DIANE Publishing
ISBN 13 : 1428950044
Total Pages : 166 pages
Book Rating : 4.4/5 (289 download)

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Book Synopsis Gasoline price changes the dynamic of supply, demand, and competition. by :

Download or read book Gasoline price changes the dynamic of supply, demand, and competition. written by and published by DIANE Publishing. This book was released on 2005 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essays on Gasoline Price Spikes, Environmental Regulation of Gasoline Content, and Incentives for Refinery Operation

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Publisher :
ISBN 13 :
Total Pages : 153 pages
Book Rating : 4.:/5 (616 download)

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Book Synopsis Essays on Gasoline Price Spikes, Environmental Regulation of Gasoline Content, and Incentives for Refinery Operation by : Erich Johann Muehlegger

Download or read book Essays on Gasoline Price Spikes, Environmental Regulation of Gasoline Content, and Incentives for Refinery Operation written by Erich Johann Muehlegger and published by . This book was released on 2005 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1999, regional retail and wholesale gasoline markets in the United States have experienced significant price volatility, both intertemporally and across geographic markets. In particular, gasoline prices in California, Illinois and Wisconsin have spiked occasionally well above gasoline prices in nearby states. The three chapters of my thesis study the relationship between gasoline price spikes, environmental regulation of gasoline content, unanticipated refinery outages and other recent structural changes in the domestic oil market. In the first chapter, I detail current regulations related to gasoline content. Implemented regionally to address local mobile-source emissions, gasoline content regulations increase costs to refiners, transporters and distributors of gasoline, as well as reduce the fungibility of gasoline across different regions. Chapter one provides a summary of the regulations and a qualitative description the costs the regulations impose on refiners, transporters and distributors of gasoline. In chapter two, I estimate two distinct effects of gasoline content regulations in California, Illinois and Wisconsin: (i) the effect of increased production costs due to supplementary regulation, and (ii) the effect of incompatibility between these blends and gasoline meeting federal reformulated gasoline standards. Using a structural model based on the production optimization problem of refiners, I simulate wholesale prices for jet fuel, diesel and four blends of gasoline in each geographic market. I then specify a counterfactual in which gasoline in the three states met federal requirements.

Motor Vehicle Fuel Price Increases

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Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Motor Vehicle Fuel Price Increases by :

Download or read book Motor Vehicle Fuel Price Increases written by and published by . This book was released on 1997 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Guide for Retail Gasoline Pricing

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Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis A Guide for Retail Gasoline Pricing by : United States. Federal Energy Administration

Download or read book A Guide for Retail Gasoline Pricing written by United States. Federal Energy Administration and published by . This book was released on 1975 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Gas Prices

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Publisher :
ISBN 13 :
Total Pages : 742 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis Gas Prices by : United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations

Download or read book Gas Prices written by United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations and published by . This book was released on 2002 with total page 742 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Gasoline Prices

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Publisher :
ISBN 13 :
Total Pages : 160 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Gasoline Prices by : United States. Congress. Senate. Committee on Energy and Natural Resources

Download or read book Gasoline Prices written by United States. Congress. Senate. Committee on Energy and Natural Resources and published by . This book was released on 2006 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Preliminary Analysis of the Gasoline Price Increases ...

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Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.:/5 (5 download)

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Book Synopsis Preliminary Analysis of the Gasoline Price Increases ... by : United States. Congress. Senate. Committee on Banking and Currency

Download or read book Preliminary Analysis of the Gasoline Price Increases ... written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1949 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fuel markets

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Publisher :
ISBN 13 :
Total Pages : 326 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Fuel markets by : United States. Congress. House. Committee on Government Reform. Subcommittee on Energy Policy, Natural Resources, and Regulatory Affairs

Download or read book Fuel markets written by United States. Congress. House. Committee on Government Reform. Subcommittee on Energy Policy, Natural Resources, and Regulatory Affairs and published by . This book was released on 2002 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Preliminary Report

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Publisher :
ISBN 13 :
Total Pages : 218 pages
Book Rating : 4.:/5 (5 download)

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Book Synopsis Preliminary Report by : United States. Federal Energy Administration. Office of Regulatory Programs

Download or read book Preliminary Report written by United States. Federal Energy Administration. Office of Regulatory Programs and published by . This book was released on 1977 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Gasoline Prices

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Publisher : DIANE Publishing
ISBN 13 : 1422332896
Total Pages : 156 pages
Book Rating : 4.4/5 (223 download)

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Book Synopsis Gasoline Prices by :

Download or read book Gasoline Prices written by and published by DIANE Publishing. This book was released on with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Motor Fuels

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Publisher : DIANE Publishing
ISBN 13 : 9781422300527
Total Pages : 62 pages
Book Rating : 4.3/5 (5 download)

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Book Synopsis Motor Fuels by :

Download or read book Motor Fuels written by and published by DIANE Publishing. This book was released on 2005-09 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This primer will help improve public understanding of the major factors that influence the U.S. price of gasoline & the challenges facing the U.S. on issues related to gasoline supply, demand, & prices. This primer presents information on the factors that influence the price of gasoline &, to the extent possible, why those factors have developed. Specifically, it explains how gasoline is made & distributed, what consumers pay for in a gallon of gasoline, why gasoline prices change over time, & why gasoline prices vary from place to place. The information is presented in a question-&-answer format & is written for a nontechnical audience. Charts, tables & graphs.

Gasoline Prices

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Publisher : Nova Publishers
ISBN 13 : 9781594546518
Total Pages : 124 pages
Book Rating : 4.5/5 (465 download)

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Book Synopsis Gasoline Prices by : Barbara V. Urban

Download or read book Gasoline Prices written by Barbara V. Urban and published by Nova Publishers. This book was released on 2005 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: As major energy legislation moved to conference, the high price of gasoline remained a major consideration. The legislative proposals of past Congresses have contained numerous provisions that would affect gasoline supply and demand. This is true also of the Energy Policy Act of 2005, H.R. 6, both the version passed by the House April 21, and the Senate bill, passed June 28. A large number of factors combined to put pressure on gasoline prices, including increased world demand for crude oil and US refinery capacity inadequate to supply gasoline to a recovering national economy. The war and continued violence in Iraq added uncertainty and a threat of supply disruption that added pressure particularly to the commodity futures markets. Numerous provisions in legislative proposals in the 108th Congress addressed perceived problems in the oil and gasoline markets. A comprehensive energy policy bill was reported out of conference and approved by the House, but several issues kept the bill from passing the Senate. Among the most controversial were provisions regarding the use of ethanol and the additive methyl tertiary butyl ether (MTBE) in motor fuel, proposals to open up part of the Arctic National Wildlife Refuge (ANWR) to oil and gas development, measures concerning corporate average fuel economy (CAFE) standards, and proposals to aid construction of new refineries and to harmonise state "boutique fuels" standards. In the 109th Congress, the House passed a comprehensive bill, H.R. 6, with many of the same provisions of the bill considered in the previous Congress. As before, MTBE and ANWR, included in the House-passed bill, remain controversial. The House bill added another controversial provision, giving the Federal Energy Regulatory Commission (FERC) overriding authority over state entities in licensing terminals to receive and process liquefied natural gas. In the Senate version of H.R. 6, the MTBE safe harbour provision has been omitted. The Senate bill contains a provision, not in the House-passed version, directing the President to take measures to reduce total demand for petroleum by one million barrels per day (mbd) by 2015. An amendment by Senator Cantwell, which would have set the goal of reducing petroleum imports by 40% by 2025, was defeated on the floor by a vote of 47-53. The gasoline price surge heightened discussion of energy policy, but the urgency of previous energy crises has been lacking. In part this may be due to the fact that there has been no physical shortage of gasoline, and no lines at the pump. In addition, the expectation of former crises, that prices were destined to grow ever higher, has not been prevalent. However, the persistence of high gasoline and oil prices into a second summer has raised alarms over the economic consequences of the situation.

Preliminary findings and views concerning the exemption of motor gasoline from the mandatory petroleum allocation and price regulations

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Author :
Publisher :
ISBN 13 :
Total Pages : 210 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Preliminary findings and views concerning the exemption of motor gasoline from the mandatory petroleum allocation and price regulations by : United States. Federal Energy Administration. Office of Regulatory Programs

Download or read book Preliminary findings and views concerning the exemption of motor gasoline from the mandatory petroleum allocation and price regulations written by United States. Federal Energy Administration. Office of Regulatory Programs and published by . This book was released on 1977 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Easing Pain at the Gasoline Pump

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Publisher :
ISBN 13 :
Total Pages : 160 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Easing Pain at the Gasoline Pump by : United States. Congress. House. Committee on Government Reform. Subcommittee on Energy Policy, Natural Resources, and Regulatory Affairs

Download or read book Easing Pain at the Gasoline Pump written by United States. Congress. House. Committee on Government Reform. Subcommittee on Energy Policy, Natural Resources, and Regulatory Affairs and published by . This book was released on 2004 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: