New Evidence on Asymmetric Gasoline Price Responses

By Lance J. Bachmeier, J. M. Griffin. Review of Economics and Statistics, 2003

393 citations recorded by the source corpus.

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Asymmetric and nonlinear pass-through of crude oil prices to gasoline and natural gas prices (2014, neutral): “…interaction, initially discovered by Bacon (1991) as the “rockets and feathers” effects, then more or less confirmed by various studies (e.g., Borenstein et al., 1997; Bachmeier and Griffin, 2003; Chen et al., 2005; Grasso and Manera, 2007; Blair and Rezek, 2008; Meyler, 2009; Honarvar, 2009).”
Retail Gasoline Pricing: What Do We Know? (2008, background): “(1997) and Bachmeier and Griffin (2003), in estimating the following equation:”
Oil price volatility and the asymmetric response of gasoline prices to oil price increases and decreases (2005, background): “Bachmeier and Griffin (2003) find no evidence of asymmetry between daily spot gasoline prices and crude oil prices.”
Modelling Asymmetric Cointegration and Dynamic Multipliers in a Nonlinear ARDL Framework (2013, positive): “…the relationship between the exchange rate and import prices, the work of Lee (2000) and Virén (2001) on asymmetries in Okun’s Law and the research of Borenstein et al. (1997) and Bachmeier and Griffin (2003) focusing on the asymmetric response of gasoline prices to fluctuations in the oil price.”