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The effects of Hurricane Katrina on price pass-through for Gulf Coast gasoline

2008; Elsevier BV; Volume: 98; Issue: 3 Linguagem: Inglês

10.1016/j.econlet.2007.02.028

1873-7374

Benjamin F. Blair, Jon P. Rezek,

Economics of Agriculture and Food Markets

Using an error-correction model, we find deviation from historic price pass-through patterns during the immediate post-Hurricane Katrina period. Although gasoline price pass-through patterns have largely returned to their long-run equilibrium, evidence indicates that asymmetry, previously not evident, may now exist.