MIT/UC Davis professors challenge claims that ethanol production decreased gasoline prices in 2010 and 2011
Green Car Congress
JULY 17, 2012
Knittel/Smith results for implied gasoline price effects from elimination of ethanol for 2010 using Du/Hayes model and pooled-sample estimates. Results from Du/Hayes are indicated by the large square. Source: Knittel and Smith (2012). Click to enlarge. Two professors from MIT and UC Davis have released a paper challenging the recent claims by the Renewable Fuel Association (RFA) and US Secretary of Agriculture Vilsack that ethanol production decreased gasoline prices by $0.89 and $1.09 in 2010 a
Let's personalize your content