An Economic Analysis of the Melissa Miller

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Specifications	An Economic Analysis of the Melissa Miller
Business section

L&R Committee 2009 Interim Report Appendix B – Fuel Temperature Delivery Study L&R - B1 Appendix B An Economic

Specifications	An Economic Analysis of the Melissa Miller
Outline	Main Table of Contents L&R Committee Interim Report Appendix B. An Economic Analysis of the California Energy Commission Staff s Fuel Delivery Temperature Study Introduction and summary Alternative systems for measuring retail motor fuel transactions Quantity and price units Conversion between alternative quantity units Quantity units defined by temperature “Net” and “gross” systems of measurement Net vs. gross systems in the “hot fuel” allegations Net vs. gross systems in the CEC Staff Report “Net” and “gross” systems are equally valid alternatives The inconsistency of the “hot fuel” activists Month-by-month illustration of how competition makes the adjustment No “excess federal and state motor fuel taxes” are collected The “hot fuel rip-off” controversy The allegations themselves The “hot fuel” allegations are unproven conjectures The CEC Staff Report and the “hot fuel” allegations The CEC Staff Report’s “increased price transparency benefit” Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The CEC Staff Report’s “new reference temperature option” The particular reference temperature selected makes no difference The “Hawaii example” and the “hot fuel” activists What actually happened in Hawaii Hawaii and the “New Reference Temperature Option” for California The adoption of automatic temperature compensation by Canadian retailers The CEC Staff Report’s underestimate of the true cost of the proposed ATC Retrofit How competition adjusts retail prices to account for seasonal temperature variation. Month-by-month illustration of how competition makes the adjustment Monte Carlo simulation of repeated retail purchases in the context of cross-sectional temperature variations. Resulting evidence on the effect of cross-sectional temperature variation. Where are the supposed “hot fuel rip-off” profits? Concluding remarks
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Content	L&R Committee 2009 Interim Report Appendix B – Fuel Temperature Delivery Study L&R - B1 Appendix B An Economic Analysis of the California Energy Commission Staff’s Fuel Delivery Temperature Study and the “Hot Fuel” Allegations
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