Market integration in US gasoline markets
Abstract
This paper analyses the degree of market integration in the retail gasoline markets in the United States after it was completely deregulated in 1981. The monthly average prices of unleaded regular gasoline, excluding taxes, from January 1983 to December of 1998 for five US Petroleum Administration Defense Districts were considered in the analysis. There is evidence of a high degree of market integration in the gasoline markets as evidenced by the Engel and Granger and Johansen cointegration tests, but perfect market integration is rejected in all but a few cases.Download Info
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Bibliographic Info
Article provided by Taylor and Francis Journals in its journal Applied Economics.
Volume (Year): 33 (2001)
Issue (Month): 10 ()
Pages: 1335-1340
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Web page: http://www.tandf.co.uk/journals/routledge/00036846.html
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Mark J. Holmes & Jesus Otero & Theodore Panagiotidis, 2012.
"On the Dynamics of Gasoline Market Integration in the United States: Evidence from a Pair-wise Approach,"
Koç University-TUSIAD Economic Research Forum Working Papers
1230, Koc University-TUSIAD Economic Research Forum.
- Holmes, Mark J. & Otero, Jesús & Panagiotidis, Theodore, 2013. "On the dynamics of gasoline market integration in the United States: Evidence from a pair-wise approach," Energy Economics, Elsevier, vol. 36(C), pages 503-510.
- Mark J. Holmes & Jesús Otero & Theodore Panagiotidis, 2012. "On the Dynamics of Gasoline Market Integration in the United States: Evidence from a Pair-Wise Approach," Working Paper Series 68_12, The Rimini Centre for Economic Analysis.
- Mark J. Holmes & Jesus Otero & Theodore Panagiotidis, 2012. "On the dynamics of gasoline market integration in the United States: Evidence from a pair wise approach," Discussion Paper Series 2012_10, Department of Economics, University of Macedonia, revised Oct 2012.
- Arano, Kathleen & Velikova, Marieta, 2010. "Estimating the long-run equilibrium relationship: The case of city-gate and residential natural gas prices," Energy Economics, Elsevier, vol. 32(4), pages 901-907, July.
- Kendix, Michael & Walls, W.D., 2010. "Oil industry consolidation and refined product prices: Evidence from US wholesale gasoline terminals," Energy Policy, Elsevier, vol. 38(7), pages 3498-3507, July.
- Kendix, Michael & Walls, W.D., 2010.
"Estimating the impact of refinery outages on petroleum product prices,"
Energy Economics,
Elsevier, vol. 32(6), pages 1291-1298, November.
- M. Kendix & W. D. Walls, 2010. "Estimating the Impact of Refinery Outages on Petroleum Product Prices," Working Papers 2010-12, Department of Economics, University of Calgary, revised 01 Jun 2010.
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