Variable

Rest-of-World

United States

Gasoline

Estimate

T-Stat.

P-Values

Estimate

T-Stat.

P-Values

Constant

0.518

0.56

0.58

1.715

5.21

0.00

Price

−0.007

−2.67

0.01

−0.005

−4.81

0.00

GDP

0.147

4.04

0.00

0.310

4.00

0.00

Trend

−0.065

−2.33

0.02

−0.039

−2.29

0.02

Lag Q

0.775

5.31

0.00

0.544

6.13

0.00

R2

0.992

0.985

Durbin H

−0.129

0.90

1.009

0.31

Unit Root

−3.111

0.06

−3.398

0.03

Distillate Fuel or Gas Oil

Constant

0.310

0.46

0.65

−0.179

−0.81

0.42

Price

−0.005

−1.46

0.14

−0.003

−4.07

0.00

GDP

0.371

3.81

0.00

0.370

4.12

0.00

Trend

−0.072

−1.46

0.14

−0.071

−3.30

0.00

Lag Q

0.471

3.93

0.00

0.419

3.35

0.00

R2

0.998

0.943

Durbin H

1.186

0.24

−0.023

0.98

Unit Root

−2.421

0.34

−2.734

0.17

Jet Fuel & Kerosene

Constant

0.700

2.14

0.03

0.270

1.86

0.06

Price

−0.002

−1.92

0.05

−0.002

−5.08

0.00

GDP

0.016

0.61

0.54

0.081

3.06

0.00

Trend

0.007

0.39

0.70

−0.018

−2.48

0.01

Lag Q

0.735

9.13

0.00

0.612

6.70

0.00

R2

0.972

0.824

Durbin H

0.52

0.60

0.869

0.39

Unit Root

−2.975

0.09

−3.491

0.02

Liquid Petroleum Gases

Constant

−0.853

−1.79

0.07

0.682

2.84

0.00

Price

−0.001

−0.41

0.69

−0.005

−1.70

0.09

GDP

0.119

2.21

0.03

0.053

2.21

0.03

D2012

−0.083

−2.70

0.01

Lag Q

0.621

3.39

0.00

0.561

3.48

0.00

R2

0.996

0.869

Durbin H

0.404

0.69

−0.587

0.56

Unit Root

−3.387

0.03

−2.285

0.44