1. We use the Fischer-type unit root test for panel data developed by Choi (2001) to test the null hypothesis that all the panels contain a unit root. We reject the null hypothesis for both gasoline and diesel prices with p-values of 0.0005 and <0.0001, respectively. 12 US data are publicly available through the US Energy Information Administration;British data are publicly available through the UK Department for Business, Energy & Industrial
2. Gasoline price volatility and presidential elections in the United States: A linear model approach;R Ahmadian;The Journal of Energy Markets,2011
3. The China shock: Learning from labormarket adjustment to large changes in trade;D H Autor;Annual Review of Economics,2016
4. Hurricanes and gasoline price gouging;T K Beatty;Journal of the Association of Environmental and Resource Economists,2021