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Originally Posted by GGG
The data is in the report by market if you wanted to manipulate it to test different theories and determine if it's statistically significant if you change what holidays are considered.
They used good Friday, may long, Canada Day, August long, labour day, and thanks giving which are all major travel holidays so if the conventional logic of they raise it before big driving weekends all of these should apply.
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This is from
www.canadianfuels.com ...
Quote:
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MJ Ervin & Associates, a division of The Kent Group, found instead a much broader price trend driven by seasonal changes in the demand for gasoline, which can rise by as much as 25 percent in the springtime and summer compared to winter.
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I think if you just looked at the most popular long weekends at the beginning of the spring/summer season you'd see more of a correlation. At least other analysis shows as much.