This paper characterizes fueling stations' pricing strategies to study price differentials within retail gasoline markets. We use a unique dataset with stations' locations and daily gasoline prices in the major cities of the continental U.S. to classify cycler and non-cycler stations. We exploit station-level variability in pricing behavior within retail gasoline markets to show that cyclers charge about 3.5¢ lower gasoline prices than non-cyclers, on average. Additionally, we confirm an almost biweekly duration of the station-level cycling behavior. Finally, we provide evidence of the relationship between consumer search and the intra-market pricing strategy heterogeneity.

中文翻译：

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零售汽油市场的价格差异

本文描述了加油站的定价策略，以研究零售汽油市场的价格差异。我们使用包含美国大陆主要城市的加油站位置和每日汽油价格的独特数据集来对自行车站和非自行车站进行分类。我们利用零售汽油市场中加油站定价行为的变化来表明，骑行者收取的汽油价格平均比非骑行者低约 3.5 美分。此外，我们确认车站级骑行行为几乎每两周持续一次。最后，我们提供了消费者搜索与市场内定价策略异质性之间关系的证据。