Causes for an asymmetric relation betwee
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Robert K. Kaufmann; Cheryl Laskowski
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Article
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2005
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Elsevier Science
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English
โ 234 KB
We revisit the issue of asymmetries in the relation between the price of crude oil and refined petroleum products in the United States. An econometric analysis of monthly data indicates that the asymmetric relation between the price of crude oil and motor gasoline is generated by refinery utilizatio