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Differences in price elasticity of diesel and petrol
Kačiaková, Petra ; Mirvald, Michal (advisor) ; Babin, Jan (referee)
This survey examines and compares differences in price elasticity of demand for diesel and gasoline. The data chosen for analysis were in the form of monthly time series obtained from particular petrol station in Slovakia. Other exogenous variables possess regional character and consist of average wage, HDP and rate of unemployment for region Žilina and Banská Bystrica. Time period covered by the survey begins by October 2008 and finishes by October 2013. The method chosen for analysis was ordinary least squares, both static and dynamic models. The results confirmed hypothesis that stated the price elasticity of diesel to be more elastic with average result from dynamic model -2,463 than price elasticity of demand for petrol with average result from dynamic model -0,36.
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Price elasticity of demand for fuel in border area and its determinants
Vyšný, Martin ; Rod, Aleš (advisor) ; Slaný, Martin (referee)
This survey measures the price elasticity of demand for fuel. Using unique data set from a petrol station in north Bohemia, short-run demand was estimated as price inelastic, the long-run demand was estimated as price elastic. Fuel prices, population in the Free State of Saxony and excise tax in the Czech Republic are main determinants of the demand for fuel. The impact of new vehicles in Ústí nad Labem Region was not proved. A potential effect of tank tourism was estimated using a variable for the difference between fuel prices in observed petrol station and in Germany. Rise in the price difference by one euro cent leads to increase in gasoline demanded in the observed petrol station on average by 1,5 %, and by 2 % in diesel demanded.
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Does exchange rate influece petrol price?
Malafová, Hana ; Stroukal, Dominik (advisor) ; Tříska, Dušan (referee)
This paper tries to find a relationship between retail price of gasolin and Exchange rate of USD. For analysis uses monthly data for period of 1/2000-4/2012 for three states of European union: Czech republic, Hungary and Republic of Poland. Variables for this model are exchange rate of USD and domestic currency, crude oil price, average income and season. Even with problems, which models have, they assure about fundamental influence of crude oil on retail gasoline price and bring into discussion the influence od USD for small open economies, which are not able to influence the crude oil price by themself. According to results 1% change will cause 0,73% change in detail gasoline price for Czech, 0,72% change for Hungary and 0,13% for Poland. Furthermore the paper examines connection between exchange rate of EUR and gasoline prices in all countries, but fails to prove it.
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ANALYSIS OF COMPETENTION ON THE CONSUMER'S MARKET WITH SELECTED COMMODITY
SOCHEROVÁ, Klára
For my work of market analyse from customers point of view in terms of possibility of choosing fuel I have done market research, where I compared opinions of final customers and elicited datas by Union for protecting users. Porter model helped mi to analyze competitive background in line with the market research of user{\crq}s protection{\crq}s stand-point. After the data evaluation I figured , that gas stations are competing mostly by the price and customers choose the place to refuel according to the price. Informants mostly prefer using filling station located inside the city, where they mailny refuel and also very often vehicle washer and buying groceries, as well. Most of the interviewed users feel free using their cars even after raising the fuel{\crq}s prices up and mostly offten they tank at the net of petrol stations. From the price research ensue, that refuelling stations situated close to a motorway have the highest price and fuel of a brand Shell is the most expensive. At the competitive market, there is a lot of brands, but none of them has the dominance to determine the price of the petrol.
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