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. Put simply, the empirical results merely reflect the fact that ethanol production increased during the sample period whereas the ratio of gasoline to crude oil prices decreased.
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