Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5106827 | Utilities Policy | 2017 | 8 Pages |
Abstract
The purpose of this paper is to investigate the relationship between the crude oil price and consumer prices of transport fuels in the European Union before and after the 2008 financial crisis. We perform a two-period analysis by providing pre-break and post-break estimates. We found a strong and reciprocal linkage between crude oil and gasoline prices in the pre-break period, but there does not seem to exist a similar relationship in the post-break period. The findings are robust to variations in the specification of the empirical models with and without applicable taxes.
Related Topics
Physical Sciences and Engineering
Energy
Energy (General)
Authors
Victor Moutinho, João Paulo Cerdeira Bento, VladimÃr Hajko,