English, Article edition: Will Open Supply Lower Retail Gasoline Prices? John M. Barron; Beck A. Taylor; John R. Umbeck

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Will Open Supply Lower Retail Gasoline Prices?
Author
  • John M. Barron
  • Beck A. Taylor
  • John R. Umbeck
Physical Description
  • article
Notes
  • Retail gasoline lessee-dealers have lobbied for the right to purchase their gasoline supplies from sources other than the lessor-refiners with whom they have contracted. This article examines a unique data set of gasoline prices in Los Angeles, along with corresponding market- and station-level characteristics, to gain some insights into whether the proposed "open-supply" legislation would likely lower the prices charged to consumers. Controlling for market- and station-level characteristics, the authors find that stations with the most alternative sources of gasoline supplies have significantly higher retail prices, casting serious doubt on the claims made by open-supply proponents. (JEL "L0", "L1", "L4") Copyright 2004 Western Economic Association International.
  • RePEc:bla:coecpo:v:22:y:2004:i:1:p:63-77
Language
  • English
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