Seasonality in fuel consumption: a case study of a gas station

Authors

  • João Rosado Instituto Politécnico de Portalegre (Portalegre, Portugal)
  • Daniel Guerra Instituto Politécnico de Portalegre (Portalegre, Portugal)
  • Paulo Ferreira Instituto Politécnico de Portalegre (Portalegre, Portugal) https://orcid.org/0000-0003-1951-889X

DOI:

https://doi.org/10.46661/revmetodoscuanteconempresa.4350

Keywords:

diesel, fuel, gasoline, seasonality

Abstract

Oil and its derivatives are very important goods in the world, not only because of their huge use but also because the consequences of that use. The literature has plenty of works with economic analysis of the use of oil. Having available a huge amount of data, we propose an innovative approach: based on daily information of sales in a gas station since 2001 to 2018, we make a seasonality analysis of those sales. In separate analysis, using information of the both existing shifts, of the week day and of the month, we conclude that seasonality in sales is significant. This is an important information for firm managers, which could use this information to better define their strategies.

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Published

2021-12-01

How to Cite

Rosado, J., Guerra, D., & Ferreira, P. (2021). Seasonality in fuel consumption: a case study of a gas station. Journal of Quantitative Methods for Economics and Business Administration, 32, 3–12. https://doi.org/10.46661/revmetodoscuanteconempresa.4350

Issue

Vol. 32 (2021)

Section

Articles

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