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.