If you’re still on the fence about the benefits of ethanol, a new study should provide some eye-opening information.
According to the Center for Agricultural and Rural Development (CARD) at Iowa State University, researchers there found that in 2010, using ethanol decreased the cost of gasoline by an average of $.89 per gallon nationwide.
With gas already well over $4.00 a gallon in many larger cities, one can only imagine how much folks in, say, Chicago would be paying. As of this posting, the average cost of regular grade unleaded in the Windy City is $4.511, the highest in the nation. As much of a hardship as that price is for many consumers, if you tack on nearly another dollar per gallon, driving simply becomes cost prohibitive.
One last nugget from the study: the researchers concluded that if ethanol production came to an immediate halt, “the estimated gasoline price increase would be of historic proportions, ranging from 41% to 92%.” Note that the researchers say the increase WOULD be of historic proportions–not ‘might,’ ‘could,’ or ‘may.’
That means, in Chicago, gas prices could range from $6.36 to $8.66 per gallon. And there’s nothing in your pharmacy that will get rid of those gas pains.