Analyzing retail unlead gasoline retail price patterns in Greece : Apr. 2011 - Dec. 2012.

Authors

  • Athanassios Petralias
  • Sotirios Petros
  • Prodromos Prodromidris

Keywords:

Unleaded gasoline, Retail prices, Regression of disaggregated data, Granger causality, Greece, C23, D40, L81

Abstract

The paper studies the daily price patterns of unleaded gasoline across fueling stations in Greece during April 2011-December 2012 by (a) econometrically es-timating the impact of refinery prices, brands, geography, the number of com-petitors in the area, the day of the week, seasonality and transportation strikes on average gasoline prices at the local community level (194 thousand observa-tions), and (b) exploring price-leadership among vendors in Athens, Thessalo-niki and a number of other large municipalities via Granger causality tests.

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Published

2015-11-12

Issue

Section

Articles