UK Gasoline Prices: How Fast are Changes in Crude Prices Transmitted to the Pump?

The recent dramatic fall in the price of crude oil has focussed attention on the relationship between crude oil prices and retail gasoline prices in the UK. The central issue is that of how long it normally takes for the fall in costs to be felt in a fall in final prices. The purpose of this study is to investigate the relationship between these two variables over a period for which there is homogeneous data, and to see whether the lag has been constant over time and whether all cost changes are passed on equally rapidly.

By: R. Bacon

Latest Tweets from @OxfordEnergy

  • New OIES study on LNG supply chains and development of LNG as a shipping fuel in N.Europe: LNG bunker fuel has not… https://t.co/NZIoe4uRxF

    January 16th

  • New OIES paper - Northern Europe case study: Changes in environmental regulations and completion of supply chains d… https://t.co/zWRJ6JBnu0

    January 15th

  • LNG Supply Chains and the Development of LNG as a Shipping Fuel in Northern Europe https://t.co/xEzBVMV3Ih

    January 15th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.