We analyze gasoline prices over the past 27 years and find that there has been an increase in the seasonal variation since 2000. This finding is attributed to an increase in the environmental regulations on gasoline during the summer months.
Davis, M. C. (2008). Environmental Regulations and the Increasing Seasonality of Gasoline Prices. Applied Economics Letters.
The definitive version is available at https://doi.org/10.1080/13504850701591291
Keywords and Phrases
Error Correction Model; Gasoline Prices; Seasonal Adjustment
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