Comparative Analysis between Hydrous Ethanol and Gasoline C Pricing in Brazilian Retail Market

Thiago B. Murari, Aloisio S. Nascimento Filho, Eder J.A.L. Pereira, Paulo Ferreira, Sergio Pitombo, Hernane B.B. Pereira, Alex A.B. Santos and Marcelo A. Moret
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Thiago B. Murari: Faculdade de Tecnologia, Centro Universitário SENAI CIMATEC, Salvador, BA 41650-010, Brazil
Aloisio S. Nascimento Filho: Faculdade de Tecnologia, Centro Universitário SENAI CIMATEC, Salvador, BA 41650-010, Brazil
Eder J.A.L. Pereira: Faculdade de Tecnologia, Centro Universitário SENAI CIMATEC, Salvador, BA 41650-010, Brazil
Sergio Pitombo: Faculdade de Tecnologia, Centro Universitário SENAI CIMATEC, Salvador, BA 41650-010, Brazil
Hernane B.B. Pereira: Faculdade de Tecnologia, Centro Universitário SENAI CIMATEC, Salvador, BA 41650-010, Brazil
Alex A.B. Santos: Faculdade de Tecnologia, Centro Universitário SENAI CIMATEC, Salvador, BA 41650-010, Brazil
Marcelo A. Moret: Faculdade de Tecnologia, Centro Universitário SENAI CIMATEC, Salvador, BA 41650-010, Brazil
Authors registered in the RePEc Author Service: Eder Johnson de Area Leao Pereira

Sustainability, 2019, vol. 11, issue 17, 1-12

Abstract: The global energy landscape is rapidly changing, including the transition to a low carbon economy and the use of liquid biofuel. The production of liquid biofuel has emerged as an alternative to the use of fossil fuels for purposes of energy conservation, carbon emission mitigation and agricultural development. In this article we study the co-movements between hydrous ethanol and gasoline C in the Brazilian retail market. A multi-scale cross correlation analysis was applied to the Average Retail Margin time series of hydrous ethanol for fifteen relevant retail markets in Brazil to analyze the competitiveness of hydrous ethanol towards gasoline C. The empirical results showed a remarkable different behavior between hydrous ethanol and gasoline C, for any time scale, regardless of geographical distance or regional differences.

Keywords: ethanol; fuel retail market; DCCA cross-correlation coefficient (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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