ARTICLES SUBMITTED


SUBMITTED TO CANADIAN PUBLIC POLICY


Abstract: This study examines the widely held belief that gasoline prices increase around long weekends due to market power. The analysis focuses on four major long weekend events (LWEs) in Quebec—Easter, National Patriots' Day, Labor Day, and Thanksgiving—using an event study approach to assess retail prices, wholesale margins, and crude oil prices. Additionally, price differentials between Quebec and New England during LWEs are also examined. The findings indicate modest price increases around Easter and Labor Day, but these impacts are small and not necessarily driven by increased market power.



Keywords: Gasoline prices; Long weekends; Market power.


JEL Classification: D22, D40, L13