2012•Philippine Management ReviewRequires access

Behavior of Retail Gasoline Prices in the Philippines to Changes in Crude Oil Prices: Is it Symmetric or Asymmetric?

Jaewook Kim

Abstract

This study examines if the relationship between the behavior of retail gasoline prices in the Philippines and changes in world crude oil prices is indeed asymmetric or possibly symmetric. Based on weekly data from October 2005 to September 2010, test results reveal that there is no pattern symmetry between movements in retail gasoline prices and changes in crude oil prices. But there is amount symmetry in the responsiveness of unleaded retail gasoline prices changes to crude oil prices.

About this research paper

What this paper is about

Why it matters

A significance statement is not available in the OpenAlex record.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

Key concepts: Gasoline, Crude oil, Crack spread, Economics, Agricultural economics, Monetary economics, Econometrics, Chemistry