Regression for US Avg Retail Gasoline Price (-gal; all grades, all formulations)
|
| Dependent variable (+/- SE): |
| |
| US Avg Retail Gasoline Price ($-gal; all grades, all formulations) |
|
Constant | 12.858 (+/- 1.190) |
| p = 0.00000*** |
SP500 Stock Price Index | 0.001 (+/- 0.0001) |
| p = 0.00001*** |
Moody's AAA Curve | 0.768 (+/- 0.175) |
| p = 0.002*** |
Real GDP growth | -0.104 (+/- 0.018) |
| p = 0.0001*** |
Nominal GDP growth | 0.096 (+/- 0.018) |
| p = 0.0003*** |
Real disposable income growth | -0.118 (+/- 0.013) |
| p = 0.00001*** |
Nominal disposable income growth | 0.098 (+/- 0.011) |
| p = 0.00001*** |
Unemployment Rate | 0.149 (+/- 0.045) |
| p = 0.008*** |
CPI Inflation Rate | -0.093 (+/- 0.014) |
| p = 0.00005*** |
BBB corporate yield | -0.303 (+/- 0.060) |
| p = 0.0004*** |
30-year Mortgate Rate | 1.287 (+/- 0.157) |
| p = 0.00001*** |
Prime Rate | -2.967 (+/- 0.343) |
| p = 0.00001*** |
Home Price Index | -0.032 (+/- 0.003) |
| p = 0.00000*** |
LN_Market Volatility Index | -0.280 (+/- 0.031) |
| p = 0.00001*** |
LN_30-year Treasury Yield | 3.610 (+/- 1.126) |
| p = 0.009*** |
LN_20-year Treasury Yield | -6.170 (+/- 1.226) |
| p = 0.0004*** |
LN_10-year Treasury Yield | 6.037 (+/- 0.811) |
| p = 0.00002*** |
1-month Treasury Yield | 4.787 (+/- 0.572) |
| p = 0.00001*** |
LN_1-month Treasury Yield | -0.182 (+/- 0.032) |
| p = 0.0002*** |
7-year Treasury Yield | -7.024 (+/- 0.797) |
| p = 0.00001*** |
3-month Treasury Yield | -2.338 (+/- 0.397) |
| p = 0.0002*** |
5-year Treasury Yield | 2.574 (+/- 0.562) |
| p = 0.001*** |
LN_5-year Treasury Yield | -5.651 (+/- 0.917) |
| p = 0.0001*** |
3-year Treasury Yield | -3.054 (+/- 0.495) |
| p = 0.0001*** |
LN_3-year Treasury Yield | 5.039 (+/- 0.492) |
| p = 0.00000*** |
1-year Treasury Yield | 6.337 (+/- 0.513) |
| p = 0.00000*** |
LN_1-year Treasury Yield | -1.906 (+/- 0.124) |
| p = 0.000*** |
1-year Treasury Yield_2 | -1.139 (+/- 0.091) |
| p = 0.00000*** |
7-year Treasury Yield_2 | 0.953 (+/- 0.148) |
| p = 0.00005*** |
|
Observations | 40 |
R2 | 0.999 |
Adjusted R2 | 0.995 |
Residual Std. Error | 0.039 (df = 11) |
F Statistic | 306.484*** (df = 28; 11) |
|
Note: | *p<0.1; **p<0.05; ***p<0.01 |