Relation between China’s gasoline prices and international crude oil prices

Date

2016-12-07

Advisors

Journal Title

Journal ISSN

ISSN

1556-7249

Volume Title

Publisher

Taylor & Francis

Type

Article

Peer reviewed

Yes

Abstract

China’s gasoline prices are still regulated by government although China's refined oil pricing mechanism has been reformed for many times. In this paper, proximity and similarity between China’s gasoline prices and Brent crude oil prices are calculated in the different stages with China’s refined oil pricing mechanism reforming, by using daily data and grey relational analysis method. The results show that there have undergone great changes of the similarity and proximity between China’s gasoline prices and international crude oil prices.

Description

Keywords

Gasoline price, Similarity, Proximity, Grey Relation, Regulation

Citation

Yuan, C., Yang, Y., Liu, S. and Fang, Z. (2016) Relation between China’s gasoline prices and international crude oil prices. Energy Sources, Part B: Economics, Planning and Policy, 11 (10), pp. 953-959.

Rights

Research Institute

Institute of Artificial Intelligence (IAI)