• Program Oil & Gas (upstream & downstream) Oil & Gas (upstream & downstream)
  • Type Report
  • Date 24 February 2025
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Abstract

There is a common belief that fluctuations in gasoline and diesel retail prices are primarily driven by changes in oil prices (Bumpass, Ginn, and Tuttle 2015). While this is partly true, the fact is that gasoline and diesel prices are influenced by multiple components, which can reduce the impact of oil price changes depending on the country or region. For instance, taxes account for a significant portion of retail gasoline and diesel prices in many countries.

Authors

Julio Arboleda

Senior Fellow- Oil & Gas Julio is an economist and civil engineer with over 20 years of experience in the energy field. His experience includes…

Julio is an economist and civil engineer with over 20 years of experience in the energy field. His experience includes energy policy and data analysis for international organizations, governmental advisory services, and the construction of energy projects. Julio also has a passion for sustainable energy and project management, both supported by his postgraduate studies. Before joining KAPSARC, Julio worked as a senior energy consultant within different organizations. For over seven years, during his position as energy policy analyst at OPEC, he was one of the major contributors to the OPEC World Oil Outlook (WOO). His experience in both the governmental and private sectors, in the field and office, allows him to understand the dynamics of the energy sector.

Expertise

  • Energy Market Analysis and Outlook
  • Oil Market Forecast
  • Energy Policies Impact
  • Technology Developments and Alternative Energy Technologies

Publications See all Julio Arboleda’s publications

Zlata Sergeeva

Research Associate- Oil & Gas Zlata leads “The Future of Hydrocarbons in a Carbon-Managed World” project, aimed at estimating the consequences of international carbon regulation…

Zlata leads “The Future of Hydrocarbons in a Carbon-Managed World” project, aimed at estimating the consequences of international carbon regulation for hydrocarbon markets, with producers starting to offer carbon-neutral LNG and carbon-neutral oil cargos.

Previously, Zlata worked in the Energy Center of the Skolkovo Business School, where she researched natural gas and LNG markets and organized the international Energy Summer School for several hundred participants from all over the world.

Later, she joined the Business Strategy Department in NOVATEK, Russia’s leading independent gas producer, where her main focus was on strategic forecasting and international cooperation in LNG, hydrogen and CCUS.

Since 2020, Zlata has also been a member of the Future Energy Leaders Programme of the World Energy Council.

Expertise

  • Carbon-Neutral Trade of Hydrocarbons
  • LNG
  • Carbon Markets
  • Hydrogen
  • Energy Policy
  • Energy Transition in Conventional Economies

Publications See all Zlata Sergeeva’s publications

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