Fuel prices connectedness across Brazilian capitals: The case of ethanol and gasoline

IF 16.3 1区工程技术 Q1 ENERGY & FUELS

Renewable and Sustainable Energy Reviews Pub Date : 2024-12-05 DOI:10.1016/j.rser.2024.115148

Benjamin Miranda Tabak , Igor Bettanin Dalla Riva e Silva , Derick David Quintino , Thiago Christiano Silva

引用次数: 0

Abstract

This work analyzes the volatility connectedness of the prices of ethanol and gasoline sold to consumers in fifteen Brazilian capitals. Our data cover the period from 2012 to 2022 and contains several different moments in the dynamics of domestic prices, such as changes in tax policy prices, the crises of covid-19, and the war in Ukraine. The results suggest that fuel prices in the capitals are connected. Gasoline prices substantially affect ethanol prices, indicating that fossil fuel is still stronger in price formation than fuel of renewable origin. The shocks are asymmetric. Price increases in one location lead to increases in others relatively quickly. Price reductions do not propagate at the same speed or intensity.

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来源期刊

Renewable and Sustainable Energy Reviews 工程技术-能源与燃料

CiteScore

31.20

自引率

5.70%

发文量

1055

审稿时长

62 days

期刊介绍： The mission of Renewable and Sustainable Energy Reviews is to disseminate the most compelling and pertinent critical insights in renewable and sustainable energy, fostering collaboration among the research community, private sector, and policy and decision makers. The journal aims to exchange challenges, solutions, innovative concepts, and technologies, contributing to sustainable development, the transition to a low-carbon future, and the attainment of emissions targets outlined by the United Nations Framework Convention on Climate Change. Renewable and Sustainable Energy Reviews publishes a diverse range of content, including review papers, original research, case studies, and analyses of new technologies, all featuring a substantial review component such as critique, comparison, or analysis. Introducing a distinctive paper type, Expert Insights, the journal presents commissioned mini-reviews authored by field leaders, addressing topics of significant interest. Case studies undergo consideration only if they showcase the work's applicability to other regions or contribute valuable insights to the broader field of renewable and sustainable energy. Notably, a bibliographic or literature review lacking critical analysis is deemed unsuitable for publication.