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Title: Fuel prices at petrol stations in touristic cities
Authors: Ordóñez-de-Haro, José Manuel
Perdiguero, Jordi
Jiménez González, Juan Luis 
UNESCO Clasification: 531290 Economía sectorial: turismo
531205 Energía
Keywords: Petrol Market
Retail Fuel Prices
Touristic Cities
Issue Date: 2020
Journal: Tourism Economics 
Abstract: While it may seem obvious from common sense that retail fuel prices should be higher in touristic rather than in nontouristic cities, the related empirical literature has failed either to clearly support this assumption or to qualify and quantify the effect of tourism on retail fuel prices. Using a self-created data set that includes prices across a large sample of petrol stations located in mainland Spain and the Balearic Islands, we seek to evaluate the effects of tourism on local destination retail petrol prices. The estimations prove three main effects: Petrol prices are higher in cities with high levels of tourism, nearby beaches, and/or with the socioeconomic influence of a national park. In fact, petrol stations add a margin of around 6.6% and 6.4% for unleaded gasoline 95 and diesel, respectively, in touristic cities. Second, the more touristic the city, the higher these prices. Third, in the case of touristic municipalities, the percentage of travelers from abroad and being within the area of influence of a national park are two of the main drivers that explain this overpricing.
ISSN: 1354-8166
DOI: 10.1177/1354816619828227
Source: Tourism Economics[ISSN 1354-8166],v. 26 (1), p. 45-69, (Febrero 2020)
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