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Title: A Cluster Analysis of Petrol Profit Margins across Various Regional and Urban Locations in Australia
Contributor(s): Valadkhani, Abbas  (author); Chen, George  (author)orcid ; Anderson, John  (author)
Publication Date: 2014
Open Access: Yes
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Abstract: Rising fuel prices can hamper economic activities in urban and regional areas. Despite following a mean reverting pattern over time, the spread between retail and wholesale prices of petrol exhibits significant differences across various geographical locations in Australia. Using a hierarchical cluster analysis, this paper classifies 109 retail locations into six heterogeneous groups with homogeneous contents. By identifying the whereabouts of those petrol stations that set relatively high gross profit margins within each comparable cluster, this study can provide important policy implications for both consumers and regulators. Contrary to popular belief, we found that excessively high margins are not necessarily observed only in remote and rural areas.
Publication Type: Journal Article
Grant Details: ARC/DPI20102753
Source of Publication: Australasian Journal of Regional Studies, 20(1), p. 159-184
Publisher: Australia and New Zealand Regional Science Association International Inc (ANZRSAI)
Place of Publication: Australia
ISSN: 1324-0935
Field of Research (FOR): 140302 Econometric and Statistical Methods
140217 Transport Economics
140218 Urban and Regional Economics
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
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