Price Differences Within Retail Gasoline Markets

Julia González, C. Hurtado
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Abstract

This paper characterizes fueling stations' pricing strategies to study price variation within retail gasoline markets. We use a unique dataset with stations' locations and daily gasoline prices in the major cities of the continental U.S. to classify cycler and non-cycler stations. We exploit station-level variability in pricing behavior within retail gasoline markets to show that cyclers charge about 4¢ lower gasoline prices than non-cyclers, on average. Additionally, we confirm an almost biweekly duration of the station-level cycling behavior. Finally, we provide evidence of consumer search to explain the intra-market pricing strategy heterogeneity.
零售汽油市场的价格差异
本文对加油站的定价策略进行了刻画,以研究零售汽油市场的价格变化。我们使用一个独特的数据集,其中包含美国大陆主要城市的加油站位置和每日汽油价格,以对循环加油站和非循环加油站进行分类。我们利用零售汽油市场中加油站定价行为的可变性来表明,平均而言,骑自行车的人比不骑自行车的人收取的汽油价格低4美分。此外,我们确认了几乎每两周持续一次的车站级循环行为。最后,我们提供了消费者搜索的证据来解释市场内定价策略的异质性。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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