Item Details
Skip Navigation Links
   ActiveUsers:4008Hits:20959891Skip Navigation Links
Show My Basket
Contact Us
IDSA Web Site
Ask Us
Today's News
HelpExpand Help
Advanced search

In Basket
  Journal Article   Journal Article
 

ID088997
Title ProperImpact of ethanol production on US and regional gasoline markets
LanguageENG
AuthorDu, Xiaodong
Publication2009.
Summary / Abstract (Note)This study quantifies the impact of increasing ethanol production on wholesale/retail gasoline prices employing pooled regional time-series data from January 1995 to March 2008. We find that the growth in ethanol production kept wholesale gasoline prices $0.14/gallon lower than would otherwise have been the case. The negative impact of ethanol on retail gasoline prices is found to vary considerably across regions. The Midwest region has the biggest impact at $0.28/gallon, while the Rocky Mountain region had the smallest impact at $0.07/gallon. The results also indicate that the ethanol-induced reduction in gasoline prices comes at the expense of refiners' profits. We find a net welfare loss of $0.5 billion from the ethanol support policies in multiple markets.
`In' analytical NoteEnergy Policy Vol.37,No. 8; Aug 2009: p3227-3234
Journal SourceEnergy Policy Vol.37,No. 8; Aug 2009: p3227-3234
Key WordsCrack Ratio ;  Crack Spread ;  Substitution