Characteristics of petroleum product prices: A survey
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.
Finance and General Business
Commodities, Energy economics, Petroleum product prices
Ederington, Louis H., Chitru S. Fernando, Seth A. Hoelscher, Thomas K. Lee, and Scott C. Linn. "Characteristics of petroleum product prices: A survey." Journal of Commodity Markets 14 (2019): 1-15.
Journal of Commodity Markets