RT Journal Article
SR Electronic
A1 Alina, Jiří
A1 Nožička, Jiří
T1 Economic Determinants of Gasoline Prices: A Cointegration Analysis for Czechia
JF Communications - Scientific Letters of the University of Zilina
YR 2025
VO 27
IS 3
SP A40
OP A47
DO 10.26552/com.C.2025.043
UL https://komunikacie.uniza.sk/artkey/csl-202503-0013.php
AB 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.