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Seasonality in fuel consumption: a case study of a gas station || Estacionalidad en el consumo de combustible: un estudio de caso de una gasolinera

Author

Listed:
  • Rosado, João

    (MSc student, Instituto Politécnico de Portalegre (Portalegre, Portugal))

  • Guerra, Daniel

    (MSc student, Instituto Politécnico de Portalegre (Portalegre, Portugal))

  • Ferreira, Paulo

    (Instituto Politécnico de Portalegre (Portalegre, Portugal))

Abstract

Oil and its derivatives are very important goods in the world, not only because of their huge use but also because the consequences of that use. The literature has plenty of works with economic analysis of the use of oil. Having available a huge amount of data, we propose an innovative approach: based on daily information of sales in a gas station since 2001 to 2018, we make a seasonality analysis of those sales. In separate analysis, using information of the both existing shifts, of the week day and of the month, we conclude that seasonality in sales is significant. This is an important information for firm managers, which could use this information to better define their strategies. || El petróleo y sus derivados son bienes muy importantes en el mundo, no solo por su enorme uso sino también por las consecuencias de ese uso. La literatura tiene muchos trabajos con análisis económicos del uso del aceite. Teniendo disponible una gran cantidad de datos, proponemos un enfoque innovador: a partir de la información diaria de las ventas en una gasolinera desde 2001 a 2018, hacemos un análisis de estacionalidad de esas ventas. En un análisis separado, utilizando información de los dos turnos existentes, del día de la semana y del mes, concluimos que la estacionalidad en las ventas es significativa. Ésta es una información importante para los gerentes de la empresa, que podrían utilizar esta información para definir mejor sus estrategias.

Suggested Citation

  • Rosado, João & Guerra, Daniel & Ferreira, Paulo, 2021. "Seasonality in fuel consumption: a case study of a gas station || Estacionalidad en el consumo de combustible: un estudio de caso de una gasolinera," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 32(1), pages 3-12, December.
  • Handle: RePEc:pab:rmcpee:v:32:y:2021:i:1:p:3-12
    DOI: https://doi.org/10.46661/revmetodoscuanteconempresa.4350
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    References listed on IDEAS

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    More about this item

    Keywords

    diesel; fuel; gasoline; seasonality; diesel; combustible; gasolina; estacionalidad;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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