Economic Determinants of Gasoline Prices: A Cointegration Analysis for Czechia
The long-term relationships between the N95 ("Natural 95") gasoline prices and economic factors, such as Brent crude oil prices, diesel fuel prices, and the CZK/USD exchange rate from 2014 to 2024, was investigated within this research. The Engle-Granger cointegration test was used to iden...
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University of Žilina
2025-07-01
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| Series: | Communications |
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| Online Access: | https://komunikacie.uniza.sk/artkey/csl-202503-0013_economic-determinants-of-gasoline-prices-a-cointegration-analysis-for-czechia.php |
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| author | Jiří Alina Jiří Nožička |
| author_facet | Jiří Alina Jiří Nožička |
| author_sort | Jiří Alina |
| collection | DOAJ |
| description | The long-term relationships between the N95 ("Natural 95") gasoline prices and economic factors, such as Brent crude oil prices, diesel fuel prices, and the CZK/USD exchange rate from 2014 to 2024, was investigated within this research. The Engle-Granger cointegration test was used to identify any stable long-term connections between these variables. Despite the comprehensive tests, facilitated by the Matlab software, no evidence of cointegration was consistently found, indicating that these economic factors do not significantly influence N95 gasoline prices over the long term. The findings suggest that, while the short-term fluctuations in these economic indicators may temporarily impact gasoline prices, they are not reliable predictors of the long-term trends. |
| format | Article |
| id | doaj-art-d326cdf8808f4228b650a48317d26f4a |
| institution | OA Journals |
| issn | 1335-4205 2585-7878 |
| language | English |
| publishDate | 2025-07-01 |
| publisher | University of Žilina |
| record_format | Article |
| series | Communications |
| spelling | doaj-art-d326cdf8808f4228b650a48317d26f4a2025-08-20T02:38:06ZengUniversity of ŽilinaCommunications1335-42052585-78782025-07-01273A40A4710.26552/com.C.2025.043csl-202503-0013Economic Determinants of Gasoline Prices: A Cointegration Analysis for CzechiaJiří Alina0https://orcid.org/0000-0002-3652-3597Jiří Nožička1https://orcid.org/0000-0001-5427-1066Department of Applied Economics and Economy, Faculty of Economics, University of South Bohemia in Ceske Budejovice, Ceske Budejovice, Czech RepublicDepartment of Transport Management, Marketing and Logistics, Faculty of Transport Engineering, University of Pardubice, Pardubice, Czech RepublicThe long-term relationships between the N95 ("Natural 95") gasoline prices and economic factors, such as Brent crude oil prices, diesel fuel prices, and the CZK/USD exchange rate from 2014 to 2024, was investigated within this research. The Engle-Granger cointegration test was used to identify any stable long-term connections between these variables. Despite the comprehensive tests, facilitated by the Matlab software, no evidence of cointegration was consistently found, indicating that these economic factors do not significantly influence N95 gasoline prices over the long term. The findings suggest that, while the short-term fluctuations in these economic indicators may temporarily impact gasoline prices, they are not reliable predictors of the long-term trends.https://komunikacie.uniza.sk/artkey/csl-202503-0013_economic-determinants-of-gasoline-prices-a-cointegration-analysis-for-czechia.phpengle-granger testcointegrationpricesoilgasoline |
| spellingShingle | Jiří Alina Jiří Nožička Economic Determinants of Gasoline Prices: A Cointegration Analysis for Czechia Communications engle-granger test cointegration prices oil gasoline |
| title | Economic Determinants of Gasoline Prices: A Cointegration Analysis for Czechia |
| title_full | Economic Determinants of Gasoline Prices: A Cointegration Analysis for Czechia |
| title_fullStr | Economic Determinants of Gasoline Prices: A Cointegration Analysis for Czechia |
| title_full_unstemmed | Economic Determinants of Gasoline Prices: A Cointegration Analysis for Czechia |
| title_short | Economic Determinants of Gasoline Prices: A Cointegration Analysis for Czechia |
| title_sort | economic determinants of gasoline prices a cointegration analysis for czechia |
| topic | engle-granger test cointegration prices oil gasoline |
| url | https://komunikacie.uniza.sk/artkey/csl-202503-0013_economic-determinants-of-gasoline-prices-a-cointegration-analysis-for-czechia.php |
| work_keys_str_mv | AT jirialina economicdeterminantsofgasolinepricesacointegrationanalysisforczechia AT jirinozicka economicdeterminantsofgasolinepricesacointegrationanalysisforczechia |