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Ethanol holding gas prices down by up to 9 cents per gallon

March 25, 2008

The American Coalition for Ethanol said that cost of gasoline is between 6 and 9 cents per gallon lower because of the impact of ethanol.  In related news, Blue Ridge Biofuels said that biodiesel prices have climbed to as high as $4.25 per gallon because of feedstock prices.

  • American Farm Bureau, consulting firm say ethanol holding gas prices down 10 cents per gallon
    • A report by consulting firm LECG concluded that drivers are saving an average of 9.8 cents per gallon on gasoline, owing to the ethanol mandate, while the American Farm Bureau Federation released a re...
  • Merrill Lynch says ethanol blending reduces gas prices 45 cents per gallon
    • A Merrill Lynch study estimated that U.S. gas prices would be 45 cents per gallon higher without the effect of ethanol blending, confirming a similar finding from the Ethanol Promotion and Information...
  • Nationwide waiver of biofuels mandate would boost gas prices by $1.10, association says
    • Bob Dineen, president of the Renewable Fuels Association, projected that a nationwide waiver of the Renewable Fuel Standard would result in an immediate $1.10 hike in the price of gasoline to $4.71 pe...
  • Iowa biofuels bill to include 30-cent-per-gallon biodiesel tax incentive
    • In Iowa, the new state biofuels bill will include a provision to add tax incentives for biodiesel retail sales. The bill proposes a 3-cents- per-gallon tax credit for B2-B5 biodiesel blends, 7.5 cents...
  • Gasoline, ethanol prices begin to fall
    • Gasoline prices began dropping across the country this month as post-Labor Day drops in demand begin to be felt. The drop in Michigan was 14 cents per gallon from highs recorded over Labor Day weekend...
  • Bureau of Labor Statistics says 150K jobs are lost with 10 percent oil price rise; ethanol may save up to 200K jobs
    • In Washington, the US Bureau of Labor Staistics reported that every time oil prices go up 10 percent, 150,000 US jobs are lost, and said that "Employment has fallen by 1.2 million in the first 10 mont...

    Written by Jim Lane · Filed Under Consumers & Fleets 

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