Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/303258 
Year of Publication: 
2024
Series/Report no.: 
IES Working Paper No. 32/2024
Publisher: 
Charles University in Prague, Institute of Economic Studies (IES), Prague
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.
Subjects: 
biofuels
ethanol
fuel prices
renewable fuel standard
JEL: 
D61
H23
L71
Q42
Q48
Document Type: 
Working Paper

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