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Cutting Ethanol Production Would Increase Gas Prices

Posted on August 07, 2008

In advance of EPA's decision to be announced today on the requested partial waiver of the Renewable Fuels Standard, the Consumer Federation of America (CFA) is warning that cutting ethanol production will increase gasoline prices substantially. The comments were filed in response to a study prepared for the state of Texas by Phillip K. Verleger and Darrel B. Chodorow who erroneously claim increasing demand for gasoline and crude oil would lower prices. The suggestion that increasing demand will lower oil and gasoline prices is not only contrary to Economics 101 and what independent ana...

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ethanol , renewable , research , studies , study