TITLE

Refinery Outages Can Have Varying Gasoline Price Impacts, but Gaps in Federal Data Limit Understanding of Impacts

AUTHOR(S)
Rusco, Frank
PUB. DATE
July 2009
SOURCE
GAO Reports;7/30/2009, preceding p1
SOURCE TYPE
Government Documents
DOC. TYPE
Article
ABSTRACT
The article presents a study conducted by the U.S. Government Accountability Office (GAO), on the effect of refinery outages on wholesale gasoline prices in the U.S. The study included refinery outages from 2002 to 2008 and it used an econometric model to test a variety of assumptions. The results show that on an average, refinery outages induced small increases in gasoline prices. It is recommended that federal agencies should update their data collection surveys to provide more adequate data.
ACCESSION #
43691562

 

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