Actual approaches to the production of modern highly environmentally friendly gasoline

Trends in the development of the automobile gasoline market focused on the production of eco-friendly fuel are analyzed, and the associated needs for the modernization of technological processes and ensuring their safety are identified. In order to improve the environmental performance of automobile gasoline, a flow-through scheme of deep oil refining with optimization of the technological process of the catalytic reforming unit is proposed. Within the framework of improving the level of industrial safety at the reforming site, the types of emergencies are considered and modern approaches to solving this problem are presented.

Actual approaches to the production of modern highly environmentally friendly gasoline

Trends in the development of the automobile gasoline market focused on the production of eco-friendly fuel are analyzed, and the associated needs for the modernization of technological processes and ensuring their safety are identified. In order to improve the environmental performance of automobile gasoline, a flow-through scheme of deep oil refining with optimization of the technological process of the catalytic reforming unit is proposed. Within the framework of improving the level of industrial safety at the reforming site, the types of emergencies are considered and modern approaches to solving this problem are presented.

Impact of Structural Oil Price Shock Factors on the Gasoline Market and Macroeconomy in South Korea

This study decomposed shocks of the global crude oil (GCO) market and Korean gasoline (KG) market into six types using the structural vector auto-regressive model. Breaking down the shocks into six, we analyzed how each shock affects the macroeconomy and gasoline market in Korea. Results of the analysis revealed that the oil supply shock did not cause a large fluctuation in gasoline prices, but it harmed the macroeconomy. By contrast, the two shocks on the demand side of the GCO market caused a large increase in domestic gasoline prices, but they did not negatively affect the macroeconomy. Meanwhile, in the KG market, gasoline-refining shock and gasoline demand shock caused a significant increase in gasoline prices. Both shocks had some negative effects on the Korean macroeconomy at a certain point, but the effects are not as strong as the oil supply shock. However, the gasoline distribution shock in Korea rarely caused negative consequences for major macroeconomic variables. Moreover, analyzing the KG prices through historical decomposition, we found that the two demand-side factors of the GCO market and the demand shock of the KG market have had the most important influence on the gasoline price since the 2000s. From the analysis, the increase in gasoline prices in Korea since the 2000s can be inferred to have no significant negative impact on the macroeconomy. Therefore, the essential factors of price fluctuations must be focused on in analyzing domestic gasoline price and their impact on the macroeconomy.

CORRELATION AND REGRESSION ANALYSIS OF THE AUTOMOTIVE GASOLINE MARKET

Purpose of the study: to identify the factors affecting the volume of production of motor gasoline. Research methods: analysis and synthesis, systematic approach, as well as methods of correlation and regression analysis. Results of the research: A methodological approach to the use of tools for correlation and regression analysis of the gasoline market is proposed, which includes the following stages: 1) formation of a data array; 2) carrying out correlation analysis, building a correlation matrix, selecting factors into the model using the Correlation tool in the Data Analysis package of MS Excel; 3) conducting a regression analysis, constructing a regression equation, substantiating the obtained dependence using the "Regression" tool in the "Data Analysis" MS Excel package, calculating the elasticity coefficients. It is proposed to use the volume of production of motor gasoline as effective in carrying out the correlation-regression analysis and constructing mathematical models. Among the dependent variables and factors affecting the volume of production of motor gasoline, it is proposed to use variables that characterize four groups of factors: resource (raw material) limitations (the volume of oil production and refining), production capabilities of the industry (through the depth of oil refining and the yield of light oil products that characterize production capacity and set of installations in the industry), price attractiveness of the market (prices of producers and consumers of motor gasoline, world oil prices), export attractiveness (volume and value of exports). Multivariate economic and statistical models of the dependence of the volume of production of motor gasoline on a number of factors have been developed. Based on the results of calculations, a strong correlation was revealed between the volume of production of motor gasoline and the values of primary oil refining, oil production, and export of motor gasoline. The predicted values are located as close as possible to the residual values, which indicates that the resulting regression equation has a high degree of accuracy. Research prospects: the research results can be used to identify significant factors in the development of the motor gasoline market in the Russian Federation.