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July 2003, Vol. 126, No.7

Consumer gasoline prices: an empirical investigation

Jonathan Weinhagen
Economist, Office of Prices and Living Conditions, Bureau of Labor Statistics. The views expressed in this article are those of the author and do not necessarily reflect those of the Bureau of Labor Statistics or the Department of Labor.

A structural vector autoregression model indicates that price changes for consumer gasoline have been driven by changes in supply rather than changes in demand.

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