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Ederington, Louis H. [Author] ; Fernando, Chitru S. [Other]; Hoelscher, Seth A. [Other]; Lee, Thomas K [Other]; Linn, Scott C. [Other]

A Review of the Evidence on the Relation Between Crude Oil Prices and Petroleum Product Prices

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  • Media type: E-Book
  • Title: A Review of the Evidence on the Relation Between Crude Oil Prices and Petroleum Product Prices
  • Contributor: Ederington, Louis H. [Author]; Fernando, Chitru S. [Other]; Hoelscher, Seth A. [Other]; Lee, Thomas K [Other]; Linn, Scott C. [Other]
  • Published: [S.l.]: SSRN, [2018]
  • Extent: 1 Online-Ressource (47 p)
  • Language: English
  • DOI: 10.2139/ssrn.3249045
  • Identifier:
  • Origination:
  • Footnote: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 12, 2018 erstellt
  • Description: We review a large body of the empirical literature focusing on the relation between petroleum product prices and oil prices and discuss the evidence on the direction of causality between crude oil prices and petroleum product prices. In addition, we survey the literature on the much-debated question of whether petroleum product prices respond differently to increases versus decreases in oil prices, which Bacon (1991) labeled the “rockets and feathers” phenomenon
  • Access State: Open Access