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Subject: Fuel industry ×

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Now showing 1 - 7 of 7
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    Effects of oil prices on traffic congestion in Metro Manila
    (2006-11-06) De Borja, Princess Paulette Q.; Gaurino, Justine Anne T.; Tan, Edita
    This paper will analyze the effects of changes in the price of petroleum on traffic volume and car ownership in Metro Manila. Using available measures and a 20-year period time series data, this paper establishes a· negative relationship of petroleum prices with the demand for travel in the short run, and at the same time, seeks to determine the crucial determinants for the demand for automobiles in the long run. Due to data limitations; the study will only be using data from Metro Manila, and therefore, the results may not be applicable to rural areas. It was seen that car ownership is heavily dependent on income in the long run while traffic volume is very responsive to fuel prices in the short run.
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    Crude and retail price asymmetry in the Philippine gasoline market: before and after deregulation
    (2006-10) Sadaran, Joy Arvin Tecson; Torres, RIcarte De los Reyes; Tecson, Gwendolyn
    This study explains the existence of price asymmetry in the Philippine oil industry before and after the deregulation. It uses three approaches of analyses in determining the existence of price asymmetry between retail price of oil and crude: Ordinary Least Squares (OLS), Cointegration Model and the analysis of price change differentials of the retail against crude price. Before the deregulation of the Philippine oil industry, there is already asymmetry between the retail price of oil and the crude price; but they do not have a long-run relationship. After the deregulation, asymmetry of prices becomes greater. There is a trend and relationship between the retail and crude price in the long-run. The level of price asymmetry becomes even greater after the deregulation.
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    The impact of oil prices on air pollution
    (2007-04-10) Runas, Allessandra Liberty Ilagan; Tuazon, Diana Jean Manongsong; Arcenas
    Unlike water, air has remained free for everybody. With the emergence of a number of drinking water purifying stations, it can be deduced that water that was once potable is now not directly consumable; whereas air is still a free and open-access good. It is by this reason that air quality is a concern on the global and local sense. Recently, a number of countries have signed the Kyoto Protocol, an international agreement that restricts the countries' carbon (and other pollutants) emission. Studies regarding the causes and effects of pollution abound in literature. Environmental laws (e.g. Clean Air Act) have also been passed. Scientists have also invented biofuels that have the potential to cause less pollution than fossil fuel. Essentially, it is because of the circumstances mentioned above that air pollution is tackled in this paper. The central thesis of this paper is that there is a correlation between oil prices and air pollution. Two regression models are used to verify this. As a conclusion, the significant impact of oil prices to air pollution is clearly delineated. The paper ends with a number of policy recommendations that are based on the regression results.
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    The effect of oil in the price of selected food commodities
    (2008-10) Bundoc, Filipinas G.; Jacaban, Silvanna T.; Alburo, Florian
    The study analyses the relationship between the price of oil and of selected food commodities. The extension of Popkin's stage-of-processing model in general price determination was applied, wherein the current and lagged prices of resources, complements and substitutes, lagged own price and seasonality were included as variables. Using the correlation matrix analysis and least squares estimation, the significance of oil as an explanatory variable for the prices of food commodities was then determined. The correlation matrix showed a high positive correlation between diesel oil and food prices. However, using the least squares estimations, it was found that diesel oil prices, though significantly affects retail prices of some food commodities, is not a major factor which causes food prices to increase with respect to diesel oil prices. Previous prices of the food commodity and even the current and previous prices of its substitutes have greater effects on food prices. Thus, food price stabilization is not just a matter of keeping input prices such as oil to as low as possible; but primarily, guarding the general price level.
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    The effects of gasoline prices on automobile demand
    (2006-10) Divinagracia, Gerard Roen F.
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    Oil price, real GDP, and real exchange rate shocks and commodity price responses
    (2008-03) Angeles, Jan Erik R.; Velasco, Kevin Tristan S.
    With the steadfast increase in the prices of oil in recent years, what does it spell for the economy of the country and its people? As the prices of oil continue to increase, exchange rate of the country continues to depreciate and prices of commodities persistently increase. Although price rollbacks decrease the prices on certain commodities, there haven't been enough to negate the volume and gravity of the price increases before it. The same is true for the exchange rate of our currency. That being said, do oil price shocks have a direct negative or positive impact on the Philippine economic indicators, namely: gross domestic product, exchange rate, and domestic prices of commodities? This study explores and analyzes the relationship of oil price shocks on the different variables of the Philippine economy. Specifically, the study will uncover the velocity and magnitude of oil price shocks and their effects channel into the economic indicators and finally into commodity prices. This will give an insight to how much the Philippine economy relies on oil and how it responds and reacts to sudden increases in oil price.
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    The effects of gasoline price fluctuations on automobile consumer behavior: an empirical analysis using macro data
    (2008-10) Angot, Ladylou G.; Trinidad, Francesca Maria T.
    This paper analyzes the effects of oil price fluctuations on the demand for subcompact, compact, executive and large automobile classes. A macroeconomic data set that includes car prices, gasoline prices, disposable income, lagged car sales and interest rates, i employed to provide implications on automobile consumer behavior using an aggregate time series model. A dummy variable is used to account for the structural change in oil prices. The results of the study provide compelling evidence that increasing gasoline prices have a much stronger effect on subcompacts illustrating a shift in the buying preference of consumers from Jess efficient to more fuel-efficient automobiles.