Furthermore, the study examined the impact of removing all ethanol from our fuel supply and claims to have found that, "under a very wide range of parameters, the estimated gasoline price increase would be of historic proportions, ranging from 41 percent to 92 percent." Domestic Fuel points out that such an increase would push pump prices from roughly $4 a gallon to perhaps economy-crippling levels of between $5.60-$7.70. Um, no thanks.This study confirms that ethanol is playing a tremendously important role in holding down volatile gasoline prices, which are currently inching closer to all-time record highs. As rising oil prices are contributing to higher retail costs for everything from gas to food to clothing, ethanol is clearly providing some real relief for American families.
[Source: Domestic Fuel | Image: cote – C.C. License 2.0]