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Author: Mr.Kangni R Kpodar
Publisher: International Monetary Fund
ISBN: 1475567774
Category : Business & Economics
Languages : en
Pages : 32
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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.
Author: United States. Federal Trade Commission
Publisher:
ISBN:
Category : Gasoline
Languages : en
Pages : 276
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Book Description
Author: Mr.Kangni R Kpodar
Publisher: International Monetary Fund
ISBN: 1475567774
Category : Business & Economics
Languages : en
Pages : 32
Get Book Here
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.
Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Competition Policy, and Consumer Rights
Publisher:
ISBN:
Category : Gasoline
Languages : en
Pages : 184
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Book Description
Author: Tugrul Gurgur
Publisher:
ISBN:
Category :
Languages : en
Pages : 37
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Book Description
In this study, we provide empirical evidence on the asymmetric relationship between the cost of crude oil and retail price of gasoline in Turkey. We disentangle the cost channel into two parts: the crude oil price in foreign currency and exchange rate. Then, we estimate the determinants of retail prices via an NARDL model that addresses asymmetry in both the long-run and the short-run. We show that the impacts of the two channels differ in a significant way. In particular, the transmission of an exchange rate shock to the retail price is more rapid and more significant in magnitude compared to that of a shock to crude oil price in foreign currency. Our results show that the source of asymmetric relationship is mainly exchange rate. While the response of retail price to currency depreciation is more rapid and larger in magnitude compared to that of appreciation, its response to the movements in crude oil price in foreign currency is largely symmetric. Finally, the estimation results reveal that moderate changes in exchange rate and international price of crude oil are hardly reflected to the retail price.
Author: Mr. Kangni R Kpodar
Publisher: International Monetary Fund
ISBN: 1616356154
Category : Business & Economics
Languages : en
Pages : 34
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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.
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations
Publisher:
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 224
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Book Description
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 136
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Book Description
Author:
Publisher: DIANE Publishing
ISBN: 9781422300527
Category : Technology & Engineering
Languages : en
Pages : 62
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Book Description
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.
Author:
Publisher: DIANE Publishing
ISBN: 1428950044
Category : Gasoline
Languages : en
Pages : 166
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Book Description
Author: United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 822
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Book Description
