Ethanol Mandate Not the Best Option
EAST LANSING, Mich. — Many people are willing to pay a premium for ethanol, but not enough to justify the government mandate for the corn-based fuel, a Michigan State University economist argues.
Soren Anderson studied the demand for ethanol, or E85, in the United States. He found that when ethanol prices rose 10 cents per gallon, demand for ethanol fell only 12 percent to 16 percent on average. (more…)