Impact of Ethanol Blending Policies on U.S. Gasoline Prices

Karel Janda, Vendula Letovska, Jan Sila and David Zilberman
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Vendula Letovska: Institute of Economic Studies, Faculty of Social Sciences, Charles University, Prague, Czech Republic

No 2024/32, Working Papers IES from Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies

Abstract: This paper investigates the impact of ethanol blending mandates on retail fuel prices in the United States. It uses the modifications of three microeconomics models - partial equilibrium theoretical model by de Gorter and Just, partial equilibrium simulation model of Drabik et al. and Wu and Langpap general equilibrium model - on historical data from 2009 to 2022 and predictive data from 2023 to 2030, sourced from the U.S. Energy Information Administration (EIA) and the United States Department of Agriculture (USDA), to simulate scenarios involving various ethanol blend rates. The findings reject the hypothesis that increasing ethanol blend rates always lead to higher fuel prices.

Keywords: biofuels; ethanol; fuel prices; renewable fuel standard (search for similar items in EconPapers)
JEL-codes: D61 H23 L71 Q42 Q48 (search for similar items in EconPapers)
Pages: 51 pages
Date: 2024-09, Revised 2024-09
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Persistent link: https://EconPapers.repec.org/RePEc:fau:wpaper:wp2024_32

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