Title

Characteristics of petroleum product prices: A survey

Abstract

We review and synthesize the empirical evidence on several factors related to petroleum product prices: (1) the general distributional characteristics of petroleum product prices; (2) the influence of refinery outages, extreme weather, and similar circumstances on product prices; (3) the way that price discovery occurs for petroleum products; (4) the predictive accuracy of petroleum product futures prices for future spot prices; and (5) the impact of speculation on product prices.

Department(s)

Finance and General Business

Document Type

Article

DOI

https://doi.org/10.1016/j.jcomm.2018.09.001

Keywords

Commodities, Energy economics, Petroleum product prices

Publication Date

6-1-2019

Journal Title

Journal of Commodity Markets

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