The Economics Of Gasohol
Document Type
Article
Publication Date
10-1-2009
Published In
Contemporary Economic Policy
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).
Published By
Wiley
Recommended Citation
Frederic L. Pryor.
(2009).
"The Economics Of Gasohol".
Contemporary Economic Policy.
Volume 27,
Issue 4.
523-537.
DOI: 10.1111/j.1465-7287.2009.00160.x
https://works.swarthmore.edu/fac-economics/118