This article provides an overview of the burgeoning academic literature on price dynamics and price cycles in retail petrol markets. I first present evidence of petrol price cycles, and studies that describe what types of petrol markets tend to exhibit price cycles. I further discuss empirical...

Governments often make public announcements that call into question oligopolistic behavior. Yet little is known about how firms respond to them. We study gasoline retailers' price responses to antitrust announcements shaming them for price gouging during the COVID-19 pandemic. Price effects are...

In many markets, prices adjust quickly when costs rise, yet adjust sluggishly when costs fall. Such asymmetric pricing has received particular attention in retail gasoline where, worryingly, larger asymmetry has been related to greater market power. Using novel data from urban and rural gasoline...