Author: United States. Congress. Senate. Committee on Banking and CurrencyPublisher:
ISBN:
Category : Gasoline
Languages : en
Pages : 12
Book Description
Preliminary Analysis of the Gasoline Price Increases ...
Author: United States. Congress. Senate. Committee on Banking and CurrencyPublisher:
ISBN:
Category : Gasoline
Languages : en
Pages : 12
Book Description
Natural Gas Price Increases: A Preliminary Analysis
Author: United States General Accounting of GaoPublisher: Independently Published
ISBN: 9781090735126
Category : Political Science
Languages : en
Pages : 50
Book Description
Natural Gas Price Increases: A Preliminary Analysis
Natural Gas Price Increases
Author: United States. General Accounting OfficePublisher:
ISBN:
Category : Gas industry
Languages : en
Pages : 34
Book Description
Natural Gas Price Increases in Detroit
Author: United States General Accounting of GaoPublisher: Independently Published
ISBN: 9781090758613
Category : Political Science
Languages : en
Pages : 52
Book Description
Natural Gas Price Increases: A Preliminary Analysis
Preliminary Report
Author: United States. Federal Energy Administration. Office of Regulatory ProgramsPublisher:
ISBN:
Category : Gasoline
Languages : en
Pages : 212
Book Description
Preliminary findings and views concerning the exemption of motor gasoline from the mandatory petroleum allocation and price regulations
Author: United States. Federal Energy Administration. Office of Regulatory ProgramsPublisher:
ISBN:
Category : Gasoline
Languages : en
Pages : 210
Book Description
The Distributional Implications of the Impact of Fuel Price Increases on Inflation
Author: Mr. Kangni R KpodarPublisher: 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.
Dynamic Fuel Price Pass-Through
Author: Mr.Kangni R KpodarPublisher: International Monetary Fund
ISBN: 1475563221
Category : Business & Economics
Languages : en
Pages : 32
Book Description
This paper assesses the dynamic pass-through of crude oil price shocks to retail fuel prices using a novel database on monthly retail fuel prices for 162 countries. The impulse response functions suggest that on average, a one cent increase in crude oil prices per liter translates into a 1.2 cent increase in the retail gasoline price at peak level six months after the shock. However, the estimates vary significantly across country groups, ranging from about 0.5 cent in MENA countries to two cents in advanced economies. The results also show that positive oil price shocks have a larger impact than negative price shocks on the retail gasoline price. Finally, the paper underscores the importance of the new dataset in refining estimates of the fiscal cost of incomplete pass-through.
Report on Crude Oil and Gasoline Price Increases of November 1970
Author: Martin LobelPublisher:
ISBN:
Category : Gasoline
Languages : en
Pages : 108
Book Description
Prepared for the use of the Joint Economic Committee, Congress of the United States.
Price Elasticities of Demand for Motor Gasoline and Other Petroleum Products
Author: Terry H. MorlanPublisher:
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.