Characteristics of Petroleum Product Prices: A Survey

45 Pages Posted: 10 Oct 2018

See all articles by Louis H. Ederington

Louis H. Ederington

University of Oklahoma - Division of Finance

Chitru S. Fernando

University of Oklahoma - Michael F. Price College of Business

Seth A. Hoelscher

Missouri State University - College of Business

Thomas K Lee

Energy Information Administration - US DOE

Scott C. Linn

University of Oklahoma - Michael F. Price College of Business

Date Written: September 12, 2018

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.

Keywords: Petroleum Product Prices, Commodities, Energy Economics

JEL Classification: G13, Q40, Q41, Q47

Suggested Citation

Ederington, Louis H. and Fernando, Chitru S. and Hoelscher, Seth and Lee, Thomas K. and Linn, Scott C., Characteristics of Petroleum Product Prices: A Survey (September 12, 2018). Available at SSRN: https://ssrn.com/abstract=3250476 or http://dx.doi.org/10.2139/ssrn.3250476

Louis H. Ederington

University of Oklahoma - Division of Finance ( email )

Norman, OK 73019
United States
405-325-5591 (Phone)
405-325-7688 (Fax)

Chitru S. Fernando

University of Oklahoma - Michael F. Price College of Business ( email )

Adams Hall
307 West Brooks Street
Norman, OK 73019-4004
United States
405-325-2906 (Phone)
405-325-7688 (Fax)

HOME PAGE: http://faculty-staff.ou.edu/F/Chitru.Fernando-1/

Seth Hoelscher

Missouri State University - College of Business ( email )

United States

Thomas K. Lee

Energy Information Administration - US DOE ( email )

1000 Independence Avenue, SW
Washington, DC 20585
United States

Scott C. Linn (Contact Author)

University of Oklahoma - Michael F. Price College of Business ( email )

3704 Windover Drive
Norman, OK 73072
United States
405-595-7426 (Phone)

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