Author: United States. Congress. House. Committee on Interstate and Foreign Commerce
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 774
Book Description
Petroleum Study (gasoline and Oil Price Increases)
Author: United States. Congress. House. Committee on Interstate and Foreign Commerce
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 774
Book Description
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 774
Book Description
Petroleum Study (gasoline and Oil Price Increases) ... Hearings ... July 1, 6, 7, 8, 9, 13, 14, 15, 16, and 23, 1953
Author: United States. Congress. House. Committee on Interstate and Foreign Commerce
Publisher:
ISBN:
Category :
Languages : en
Pages : 796
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 796
Book Description
Report on Crude Oil and Gasoline Price Increases of November 1970
Author: Martin Lobel
Publisher:
ISBN:
Category : Gasoline
Languages : en
Pages : 116
Book Description
Prepared for the use of the Joint Economic Committee, Congress of the United States.
Publisher:
ISBN:
Category : Gasoline
Languages : en
Pages : 116
Book Description
Prepared for the use of the Joint Economic Committee, Congress of the United States.
The Distributional Implications of the Impact of Fuel Price Increases on Inflation
Author: Mr. Kangni R Kpodar
Publisher: International Monetary Fund
ISBN: 1616356154
Category : Business & Economics
Languages : en
Pages : 34
Book Description
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.
Publisher: International Monetary Fund
ISBN: 1616356154
Category : Business & Economics
Languages : en
Pages : 34
Book Description
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.
Preliminary Analysis of the Gasoline Price Increases ...
Author: United States. Congress. Senate. Committee on Banking and Currency
Publisher:
ISBN:
Category : Gasoline
Languages : en
Pages : 12
Book Description
Publisher:
ISBN:
Category : Gasoline
Languages : en
Pages : 12
Book Description
Petroleum Study (Gasoline and Oil Price Increases)
Author: United States. Congress. House. Committee on Interstate and Foreign Commerce
Publisher:
ISBN:
Category : Electronic books
Languages : en
Pages : 752
Book Description
Publisher:
ISBN:
Category : Electronic books
Languages : en
Pages : 752
Book Description
Petroleum Study (gasoline and Oil Price Increases)
Author: United States. Congress. House. Committee on Interstate and Foreign Commerce
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 752
Book Description
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 752
Book Description
Price Elasticities of Demand for Motor Gasoline and Other Petroleum Products
Author: Terry H. Morlan
Publisher:
ISBN:
Category : Gasoline
Languages : en
Pages : 72
Book Description
Research results for short-term and long-term petroleum elasticities are summarized, and existing Energy Information Administration (EIA) models of energy demand are used to develop estimates of price response for 1-, 3-, 5-, and 10-year intervals. In the short-run, elasticities reported for most petroleum products in most end-uses generally range from -.1 to -.4 although the numerous research estimates for gasoline demand elasticity are clustered in the more elastic range of -.1 to -.3. EIA models used in this analysis fall within these ranges and tend toward the higher (in absolute terms) end of the elasticity range. In transportation uses, for which most of the research has centered on gasoline, petroleum demand has been shown to be less responsive to price than the other sectors, with long-term gasoline estimates generally falling in the range of -.3 to -.9. In investigating the price sensitivity for periods up to 10 years using the EIA Demand Analysis System, petroleum product elasticities in all sectors are typically between -.4 and -.1. For automobile gasoline demand, the greatest proportion of the 10-year price response is manifested in increased cutbacks in travel. The model studies show that, given continued increases in the price of oil, the proportion of consumer budgets as well as industrial production costs allocated for petroleum products will increase; that petroleum prices will be volatile in instances of temporary oil shortages; and that market forces can achieve long-term conservation of petroleum, but at the cost of greater proportional increases in oil prices.
Publisher:
ISBN:
Category : Gasoline
Languages : en
Pages : 72
Book Description
Research results for short-term and long-term petroleum elasticities are summarized, and existing Energy Information Administration (EIA) models of energy demand are used to develop estimates of price response for 1-, 3-, 5-, and 10-year intervals. In the short-run, elasticities reported for most petroleum products in most end-uses generally range from -.1 to -.4 although the numerous research estimates for gasoline demand elasticity are clustered in the more elastic range of -.1 to -.3. EIA models used in this analysis fall within these ranges and tend toward the higher (in absolute terms) end of the elasticity range. In transportation uses, for which most of the research has centered on gasoline, petroleum demand has been shown to be less responsive to price than the other sectors, with long-term gasoline estimates generally falling in the range of -.3 to -.9. In investigating the price sensitivity for periods up to 10 years using the EIA Demand Analysis System, petroleum product elasticities in all sectors are typically between -.4 and -.1. For automobile gasoline demand, the greatest proportion of the 10-year price response is manifested in increased cutbacks in travel. The model studies show that, given continued increases in the price of oil, the proportion of consumer budgets as well as industrial production costs allocated for petroleum products will increase; that petroleum prices will be volatile in instances of temporary oil shortages; and that market forces can achieve long-term conservation of petroleum, but at the cost of greater proportional increases in oil prices.
Report of Committee on Cost and Price Adjustment to Petroleum Industry War Council
Author: Petroleum Industry War Council (U.S.). Committee on Cost and Price Adjustment
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 48
Book Description
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 48
Book Description
The Dependence Dilemma
Author: Daniel Yergin
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 198
Book Description
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 198
Book Description