Capitalytics

**Regression for US Avg Retail Gasoline Price (-gal; all grades, all formulations)**

	Dependent variable (+/- SE):

	US Avg Retail Gasoline Price ($-gal; all grades, all formulations)

Constant	-6.500 (+/- 0.687)
	p = 0.0001^***
SP500 Stock Price Index	-0.002 (+/- 0.0002)
	p = 0.00001^***
US Fed Reserve O-N Loan Rate	2.701 (+/- 0.315)
	p = 0.0002^***
Moody's AAA Curve	4.821 (+/- 0.438)
	p = 0.00004^***
Moody's BAA Curve	-5.653 (+/- 0.321)
	p = 0.00001^***
Nominal GDP growth	0.085 (+/- 0.004)
	p = 0.00000^***
Real disposable income growth	1.369 (+/- 0.067)
	p = 0.00000^***
Nominal disposable income growth	-1.244 (+/- 0.062)
	p = 0.00001^***
CPI Inflation Rate	0.648 (+/- 0.040)
	p = 0.00001^***
BBB corporate yield	-2.337 (+/- 0.187)
	p = 0.00002^***
30-year Mortgate Rate	2.006 (+/- 0.207)
	p = 0.0001^***
Prime Rate	-0.675 (+/- 0.057)
	p = 0.00003^***
Dow Total Stock Market Index	0.0001 (+/- 0.00001)
	p = 0.0001^***
Home Price Index	0.027 (+/- 0.002)
	p = 0.00004^***
30-year Treasury Yield	-26.164 (+/- 1.811)
	p = 0.00001^***
LN_30-year Treasury Yield	104.174 (+/- 7.021)
	p = 0.00001^***
20-year Treasury Yield	19.404 (+/- 1.645)
	p = 0.00003^***
LN_20-year Treasury Yield	-59.911 (+/- 5.137)
	p = 0.00003^***
10-year Treasury Yield	-1.463 (+/- 0.223)
	p = 0.001^***
LN_1-month Treasury Yield	-2.233 (+/- 0.148)
	p = 0.00001^***
7-year Treasury Yield	10.177 (+/- 0.856)
	p = 0.00003^***
LN_7-year Treasury Yield	-56.436 (+/- 2.591)
	p = 0.00000^***
5-year Treasury Yield	6.152 (+/- 0.701)
	p = 0.0002^***
LN_5-year Treasury Yield	-7.934 (+/- 0.507)
	p = 0.00001^***
6-month Treasury Yield	-8.263 (+/- 0.518)
	p = 0.00001^***
LN_6-month Treasury Yield	6.251 (+/- 0.667)
	p = 0.0001^***
3-year Treasury Yield	-5.493 (+/- 0.750)
	p = 0.0004^***
LN_3-year Treasury Yield	34.609 (+/- 1.605)
	p = 0.00000^***
1-year Treasury Yield	10.946 (+/- 0.582)
	p = 0.00001^***
LN_1-year Treasury Yield	-13.351 (+/- 0.822)
	p = 0.00001^***
6-month Treasury Yield_2	-0.182 (+/- 0.032)
	p = 0.002^***
5-year Treasury Yield_2	-0.366 (+/- 0.044)
	p = 0.0002^***
7-year Treasury Yield_2	-0.370 (+/- 0.054)
	p = 0.0005^***
Market Volatility Index_2	0.0002 (+/- 0.00003)
	p = 0.0003^***

Observations	40
R²	0.999
Adjusted R²	0.997
Residual Std. Error	0.036 (df = 6)
F Statistic	349.039^*** (df = 33; 6)

Note:	^p<0.1; ^p<0.05; ^**p<0.01