• Home
  • News
    • Business
    • Crime / Courts
    • Health / Medicine
    • Legislature
    • Politics / Govt
  • Sports
    • High School Sports
    • The Bill Pollock Show
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Missourinet

Your source for Missouri News and Sports

You are here: Home / Agriculture / Study points to positives of 10 percent ethanol mandate

Study points to positives of 10 percent ethanol mandate

April 21, 2008 By admin Leave a Comment

A new study on the impact of the Missouri Renewable Fuel Standard , which requires a 10 percent ethanol standard, finds the mandate had been a great benefit for the state.

The study, conducted by the economic consulting firm LECG and paid for by the Missouri Corn Merchandising Council, finds the use of the ethanol blend saved Missouri drivers 7.7 cents per gallon at the retail pump in 2007 for a total savings of $158.2-million. LECG’s John Urbanchuk says that works out to $40 for each of Missouri’s 3.9-million licensed drivers.

Urbanchuk, a supporter of ethanol and biofuels, estimates the average Missouri driver will save 9.8 cents per gallon in 2008, or $72.80 per driver. Urbanchuk defends the study against those who suggest the good news for the ethanol industry might be linked to the fact the Missouri Corn Merchandising Council paid for the report. He says the firm is in the business of providing objective, independent analysis. He adds a client paying for a study will get the results, for better or worse.

Share this:

  • Facebook
  • Twitter

Filed Under: Agriculture Tagged With: Ethanol

Subscribe to our daily newsletter

Leave a Reply Cancel reply

Your email address will not be published.



Tweets by Missourinet

Sports

I explain why the touchback rule is fine as Browns fans are still complaining (PODCAST)

Thanks for … [Read More...]

Steps Patrick Mahomes must take to return in time for AFC Championship game

Reigning … [Read More...]

Chiefs tweet “HenneThingIsPossible” after advancing to AFC title game

Chad … [Read More...]

Second half surge pushes Mizzou past A&M

Dru Smith … [Read More...]

Blues pounded by Avs 8-0

The … [Read More...]

More Sports

Tweets by missourisports

Archives

Opinion/Editorials

TwitterFacebook

Copyright © 2021 · Learfield News & Ag, LLC