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The Impact of Ethanol Production on U.S. and Regional Gasoline Prices and on the Profitability of the U.S. Oil Refinery Industry AgEcon
Du, Xiaodong; Hayes, Dermot J..
Using pooled regional time-series data and panel data estimation, we quantify the impact of monthly ethanol production on monthly retail regular gasoline prices. This analysis suggests that the growth in ethanol production has caused retail gasoline prices to be $0.29 to $0.40 per gallon lower than would otherwise have been the case. The analysis shows that the negative impact of ethanol on gasoline prices varies considerably across regions. The Midwest region has the biggest impact, at $0.39/gallon, while the Rocky Mountain region had the smallest impact, at $0.17/gallon. The results also indicate that ethanol production has significantly reduced the profit margin of the oil refinery industry. The results are robust with respect to alternative model...
Tipo: Working or Discussion Paper Palavras-chave: Crack spread; Crude oil prices; Ethanol; Gasoline prices; Demand and Price Analysis; Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/6235
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Impact of Ethanol Production on U.S. and Regional Gasoline Prices and On the Profitability of U.S. Oil Refinery Industry AgEcon
Du, Xiaodong; Hayes, Dermot J..
Using pooled regional time-series data and panel data estimation, we quantify the impact of monthly ethanol production on monthly retail regular gasoline prices. This analysis suggests that the growth in ethanol production has caused retail gasoline prices to be $0.29 to $0.40 per gallon lower than would otherwise have been the case. The analysis shows that the negative impact of ethanol on gasoline prices varies considerably across regions. The Midwest region has the biggest impact, at $0.39/gallon, while the Rocky Mountain region had the smallest impact, at $0.17/gallon. The results also indicate that ethanol production has significantly reduced the profit margin of the oil refinery industry. The results are robust with respect to alternative model...
Tipo: Conference Paper or Presentation Palavras-chave: Crack spread; Crude oil prices; Ethanol; Gasoline prices; Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/6353
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The Impact of Gasoline Prices on Internet Purchases AgEcon
Martens, Andrea.
The proposition of a carbon tax has reinvigorated the discussion about the price elasticity of gasoline demand. This paper analyzes how consumers react to higher gas prices in a new setting, examining whether they choose Internet purchasing over in-store purchasing when gas prices increase. Prior studies of Internet purchases have focused mainly on local sales tax rates, traditional retail options, and prices. This is the first study to incorporate transportation costs directly, studying 155,000 households across the U.S. from 2008 through 2009. The impact of gas prices on individuals' transportation budget depends on the fuel efficiency of their vehicles, on the distance that they need to drive, and on the availability of alternate public transportation...
Tipo: Conference Paper or Presentation Palavras-chave: Carbon tax; Gasoline prices; Retail; Agribusiness; Agricultural and Food Policy; Demand and Price Analysis; Environmental Economics and Policy; Industrial Organization.
Ano: 2011 URL: http://purl.umn.edu/103601
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