The Clean Fuels Blog aims to provide needed context and perspective to the development of alternative fuels in America.Their focus is on information specific to ethanol, flexible fuel vehicles (FFVs), new developing cellulose technologies, and the consumer and public policy issues covered in the media.
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A Very Memorial Day: Ethanol Lowers Gasoline & Oil Prices, Oil Imports, and Food Prices
Posted on May 29, 2008
The addition of ethanol into the U.S. gasoline pool lowers gasoline and crude oil prices by 15% -- therefore -- ethanol is actually lowering the price of food too. the billions of gallons of ethanol are moderating oil prices by easing energy bottlenecks, Oil prices would be at least 15% higher than they are, if not for today's output of ethanol. -- Francisco Blanch, head of global commodity research at Merrill Lynch.For decades proponents of alternative fuels and ethanol have claimed in a free market adding an additional supply of finished product should lower gasoline prices. ...
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