Rest-of-World

United States

Estimate

T-Stats

P-Values

Estimate

T-Stats

P-Values

Gasoline

Constant

7.474

46.26

0.00

6.431

41.03

0.00

Crack Spread

0.032

2.71

0.01

0.048

4.02

0.00

Trend

0.170

27.06

0.00

0.039

2.97

0.01

RVP1

0.165

1.19

0.25

RVP2

0.305

1.92

0.07

RVP3

0.840

4.06

0.00

Rho

0.533

3.10

0.00

R2

0.990

0.909

Durbin Watson

1.635

2.031

Distillate Fuel

Constant

8.697

30.56

0.00

2.125

55.90

0.00

Crack Spread

0.026

3.65

0.00

0.006

2.28

0.02

Trend

0.362

29.89

0.00

0.063

25.81

0.00

Rho

0.720

5.51

0.00

−0.178

−0.90

0.37

R2

0.996

0.978

Durbin Watson

1.445

2.010

Aviation Fuels

Estimate

T-Statistics

P-Values

Estimate

T-Statistics

P-Values

Constant

2.982

16.08

0.00

1.517

12.31

0.00

Crack Spread

0.006

1.87

0.06

0.005

3.08

0.00

Trend

0.072

9.35

0.00

−0.002

−0.42

0.67

Rho

0.793

7.04

0.00

0.897

11.40

0.00

R2

0.974

0.646

Durbin Watson

1.491

1.709

Liquid Petroleum Gases

Estimate

T-Statistics

P-Values

Estimate

T-Statistics

P-Values

Constant

1.375

8.30

0.00

1.777

11.99

0.00

Price/Frac. Spread

0.015

3.45

0.00

0.011

1.04

0.30

Trend

0.276

30.01

0.00

0.018

2.67

0.01

D2008

−0.203

−1.68

0.09

D2012

0.277

1.95

0.05

D1991

−0.146

−2.88

0.00

Rho

0.644

4.30

0.00

0.812

7.22

0.00

R2

0.997

0.997

Durbin Watson

1.661

1.661