| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18127 |
| 来源ID | Working Paper 18127 |
| The Incidence of an Oil Glut: Who Benefits from Cheap Crude Oil in the Midwest? | |
| Severin Borenstein; Ryan Kellogg | |
| 发表日期 | 2012-06-08 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | Beginning in early 2011, crude oil production in the U.S. Midwest and Canada surpassed the pipeline capacity to transport it to the Gulf Coast where it could access the world oil market. As a result, the U.S. "benchmark" crude oil price in Cushing, Oklahoma, declined substantially relative to internationally traded oil. In this paper, we study how this development affected prices for refined products, focusing on the markets for motor gasoline and diesel. We find that the relative decrease in Midwest crude oil prices did not pass through to wholesale gasoline and diesel prices. This result is consistent with evidence that the marginal gallon of fuel in the Midwest is still imported from coastal locations. Our findings imply that investments in new pipeline infrastructure between the Midwest and the Gulf Coast, such as the southern segment of the controversial Keystone XL pipeline, will not raise gasoline prices in the Midwest. |
| 主题 | Industrial Organization ; Industry Studies ; Environmental and Resource Economics ; Energy |
| URL | https://www.nber.org/papers/w18127 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575803 |
| 推荐引用方式 GB/T 7714 | Severin Borenstein,Ryan Kellogg. The Incidence of an Oil Glut: Who Benefits from Cheap Crude Oil in the Midwest?. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18127.pdf（943KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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