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 |