The Ups and Downs of Gas Prices

Because our spending on gasoline is somewhat constant, gas price fluctuations can have a massive impact on what we spend elsewhere.

How Algorithms Change Gasoline Prices

Looking at gasoline prices that are controlled by algorithms, we could be surprised by how they affect competition.

How Much We Care About Gasoline Prices

Since one state’s gasoline prices could be double what people pay in another state, we can ask if the price affects how much we purchase.

The Gallons of Gas That a Worker Can Buy

Comparing the purchasing power for a Big Mac and a gallon of gasoline, we can form hypotheses about worker well-being in developed and developing nations.

What You Might Not Know About Cheap Oil

Because markets fluctuate, oil prices will rise and fall but the consequences of cheap oil can be unexpected.

The Mystery of the Missing Gasoline Savings

Based on geography and demography, the impact of plunging gasoline prices varies but it is likely that we are spending 80% of it according to JP Morgan.

Rockets, Feathers and Gasoline Prices

Gasoline prices rise faster than they fall because monopolistic competition provides retailers with some price control although their product is identical.

Why New Jersey Has Lower Gas Prices Than California

Since gasoline prices vary in the U.S. because of different state taxes and wholesale crude, the impact on consumption expenditures also is different.

Up Like a Rocket, Down Like a Feather

At your local gas station, you might be seeing some sticky prices. Although barrels of West Texas Intermediate (WTI) and Brent Crude have steadily gotten cheaper, the price at the pump has had a less steep downward trajectory. One economic study…

The Expensive Side of (Venezuela’s) Cheap Gas

Subsidies and taxes determine the price of gasoline. Whether gasoline is cheap or expensive, its price affects people’s incentives and national tradeoffs.