A Proposed Petroleum Fuel Price Stabilization Plan

Fuel Price Policies

Rockets and Feathers? Petroleum Product Price Movements

Rockets and Feathers? Petroleum Product Price Movements “Shooting up like a rocket, drifting downward like a feather in the wind,” or so goes the perception of petroleum product prices. This became the focus of public attention world over in 2008, when the international price of oil surged in the first six months, only to fall dramatically to a third of its peak value in the following five mont...

Does Air Pollution Respond to Petroleum Price?

Taiwan has implemented a floating oil-price mechanism since 2007, which is aimed at connecting the domestic oil price with the international oil price. Given that the consumers’ behavior may change once the price truly responds to its cost and the air quality may consequently be improved, this study investigates the effect of oil price on the concentration of 7 air pollutants, taking the adopti...

Prediction of Petroleum Price in India

Forecasting of oil prices has always been a matter of great importance due to its influence in driving a country’s economy. As a matter of fact, the petroleum industry is considered to be the biggest contributor in the industrial sector in terms of providing raw materials to the other industries and generating revenues. Due to the non-linear and unpredictable nature of the oil prices, a lot of ...

A Price Stabilization Model in Networks

We consider a multiagent network model consisting of nodes and edges as cities and their links to neighbors, respectively. Each network node has an agent and priced goods and the agent can buy or sell goods in the neighborhood. Though every node may not have an equal price, we show the prices will reach an equilibrium by iterating buy and sell operations. First, we present a protocol model in w...