Tag Archives: gasoline

Global Gas Guzzlers

Recently I have been spending a lot of time thinking about global fuel subsidies. The most extreme example is Venezuela, where gasoline costs only 6 cents per gallon.  That’s not a typo. The price in Venezuela is less than 1/50th of what … Continue reading

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Sunk Costs and Driving Decisions?

Do people who buy more expensive vehicles drive more? At first, the answer to that question seems obvious. Within a certain income group, people who are going to spend a lot of time in their cars are willing to invest … Continue reading

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Diesel me this, Diesel me that.

One of the many perks of being a professor is that we get to choose where we spend our summers. I often take my family to the home of soccer, beer, and renewables – Germany. The place has changed quite … Continue reading

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A Step in the Right Direction for Indonesia

Indonesia has been in the news this week for taking an important step in the right direction with energy pricing. Prior to last week, Indonesia had some of the lowest gasoline and diesel prices in the world. In the data … Continue reading

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Price at the Pump Worldwide

This figure plots gasoline prices for 44 countries. These are domestic consumer prices including all relevant taxes and come from a survey administered November 2012. I have excluded countries with fewer than 25 million people, but if you would like to see the complete list it is … Continue reading

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The MPG Illusion

It’s the beginning of summer, which means the beginning of driving season. Perhaps anticipating summer driving, many people bought new vehicles last month, putting automakers on track to have the best year since 2007. So, here’s a question, particularly for … Continue reading

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Venezuelan Gas Guzzlers

Since reading Catherine’s post last week (link here), I have been thinking a lot about Venezuela’s gasoline subsidies. Venezuela has the cheapest gasoline on the planet. At official exchange rates, gasoline costs only $.06 per gallon; at black market exchange rates gasoline is even cheaper. … Continue reading

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What (if anything) to do about California gasoline price spikes

Here we go again.  A couple refinery disruptions, a pipeline shutdown, and before you know it gas prices in California have jumped more than 50 cents compared to the rest of the country.  Soon politicians will be wringing their hands … Continue reading

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Tesoro’s Acquisition of BP’s Carson Refinery (California Prices at the Pump: Part 2)

Last week I provided my reactions to Senator Feinstein’s letter to the Federal Trade Commission (FTC) on market manipulation of gas prices after the Chevron Richmond refinery fire.  Speaking of prices at the pump in California, how will Tesoro’s pending acquisition … Continue reading

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California Prices at the Pump

On August 6, a fire tore through Chevron’s Richmond refinery.   The Richmond refinery is located in Northern California, a few miles outside of San Francisco, and is the third largest refinery in California.  Wholesale gasoline prices in California, as measured … Continue reading

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