The Impact of Mergers in U.S. Petroleum Industry on Wholesale Gasoline Prices
Contemporary Economic Policy, Vol. 25, No. 1, pp. 46-46, January 2007
Posted: 27 Nov 2011
Date Written: 2007
Starting in the mid-1990s, the U.S. petroleum industry experienced a wave of mergers, several of them between large petroleum companies that were previously competitors. Using an econometric analysis of terminal city-specific data, this study finds that the majority of the mergers led to higher wholesale gasoline prices in the United States in the mid-1990s through 2000.
Keywords: US petroleum industry, mergers, 1990s, wholesale gasoline prices
JEL Classification: L7, L13, L40
Suggested Citation: Suggested Citation