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Campiche, Jody L.; Bryant, Henry L.; Richardson, James W.; Outlaw, Joe L.. |
Over the last few years, the production of renewable fuels has increased dramatically. Rising oil prices, limited supplies of fossil fuel, and increased concerns about global warming have created a growing demand for renewable energy sources. Both the ethanol and biodiesel industries have experienced tremendous growth in the past few years. The production of these fuels is highly dependent on the availability of agricultural feedstocks. This research examined the covariability between crude oil prices and corn, sorghum, sugar, soybeans, soybean oil, and palm oil prices during the 2003-2007 time period. Johansen cointegration tests revealed no cointegrating relationships during the 2003-2005 time frame. However, corn prices and soybean prices were... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Energy; Ethanol; Biodiesel; Renewable fuels; Crude oil prices; Cointegration; Demand and Price Analysis; Q11; Q13; Q42. |
Ano: 2007 |
URL: http://purl.umn.edu/9881 |
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Du, Xiaodong; Hayes, Dermot J.. |
Using pooled regional time-series data and panel data estimation, we quantify the impact of monthly ethanol production on monthly retail regular gasoline prices. This analysis suggests that the growth in ethanol production has caused retail gasoline prices to be $0.29 to $0.40 per gallon lower than would otherwise have been the case. The analysis shows that the negative impact of ethanol on gasoline prices varies considerably across regions. The Midwest region has the biggest impact, at $0.39/gallon, while the Rocky Mountain region had the smallest impact, at $0.17/gallon. The results also indicate that ethanol production has significantly reduced the profit margin of the oil refinery industry. The results are robust with respect to alternative model... |
Tipo: Working or Discussion Paper |
Palavras-chave: Crack spread; Crude oil prices; Ethanol; Gasoline prices; Demand and Price Analysis; Resource /Energy Economics and Policy. |
Ano: 2008 |
URL: http://purl.umn.edu/6235 |
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Du, Xiaodong; Hayes, Dermot J.. |
Using pooled regional time-series data and panel data estimation, we quantify the impact of monthly ethanol production on monthly retail regular gasoline prices. This analysis suggests that the growth in ethanol production has caused retail gasoline prices to be $0.29 to $0.40 per gallon lower than would otherwise have been the case. The analysis shows that the negative impact of ethanol on gasoline prices varies considerably across regions. The Midwest region has the biggest impact, at $0.39/gallon, while the Rocky Mountain region had the smallest impact, at $0.17/gallon. The results also indicate that ethanol production has significantly reduced the profit margin of the oil refinery industry. The results are robust with respect to alternative model... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Crack spread; Crude oil prices; Ethanol; Gasoline prices; Resource /Energy Economics and Policy. |
Ano: 2008 |
URL: http://purl.umn.edu/6353 |
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