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- Title
THE ECONOMICS OF GASOHOL.
- Authors
PRYOR, FREDERIC L.
- Abstract
Gasohol has received considerable governmental financial support because it is alleged to have important ecological and economic advantages. It is, for instance, supposed to reduce our extraction of nonrenewable energy, to have a cost advantage over gasoline, and to reduce pollution. This essay presents evidence that the amount of nonrenewable energy used in producing the corn ethanol is less than the amount of energy it provides as a fuel, that its price competitiveness with gasoline is doubtful, and that its environmental benefits are far from proven. In brief, current U.S. policies encouraging ethanol production to produce gasohol do not seem economically rational. ( JEL Q100, Q400, D210, L780)
- Subjects
GASOHOL; NONRENEWABLE natural resources; POLLUTION; ECONOMIC competition; ETHANOL as fuel; PRICE regulation
- Publication
Contemporary Economic Policy, 2009, Vol 27, Issue 4, p523
- ISSN
1074-3529
- Publication type
Article
- DOI
10.1111/j.1465-7287.2009.00160.x