The increased use of ethanol reduced wholesale gasoline prices by an average of $0.89 per gallon in 2010, according to a new study conducted by economists at Iowa State University and the University of Wisconsin and released by the Center for Agricultural and Rural Development (CARD). The new analysis, an update to a 2009 Energy Policy paper authored by professors Dermot Hayes and Xiaodong Du, also found that the growth in ethanol production reduced gasoline prices by an average of $0.25, or 16%, over the entire decade of 2000-2010. Further, the study determined that gas prices could double if ethanol production came to an immediate halt. Read more...
No comments:
Post a Comment