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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)
Constant12.858 (+/- 1.190)
p = 0.00000***
SP500 Stock Price Index0.001 (+/- 0.0001)
p = 0.00001***
Moody's AAA Curve0.768 (+/- 0.175)
p = 0.002***
Real GDP growth-0.104 (+/- 0.018)
p = 0.0001***
Nominal GDP growth0.096 (+/- 0.018)
p = 0.0003***
Real disposable income growth-0.118 (+/- 0.013)
p = 0.00001***
Nominal disposable income growth0.098 (+/- 0.011)
p = 0.00001***
Unemployment Rate0.149 (+/- 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 Rate1.287 (+/- 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 Yield3.610 (+/- 1.126)
p = 0.009***
LN_20-year Treasury Yield-6.170 (+/- 1.226)
p = 0.0004***
LN_10-year Treasury Yield6.037 (+/- 0.811)
p = 0.00002***
1-month Treasury Yield4.787 (+/- 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 Yield2.574 (+/- 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 Yield5.039 (+/- 0.492)
p = 0.00000***
1-year Treasury Yield6.337 (+/- 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_20.953 (+/- 0.148)
p = 0.00005***
Observations40
R20.999
Adjusted R20.995
Residual Std. Error0.039 (df = 11)
F Statistic306.484*** (df = 28; 11)
Note:*p<0.1; **p<0.05; ***p<0.01