EIA report confirms ethanol's moderating influence on gasoline prices

05/8/2013 | United Press International

Because of ethanol, the price spread between regular and premium gasoline is narrower percentagewise than it once was, according to the Energy Information Administration. Americans paid an average of $3.52 per gallon of regular unleaded gasoline Tuesday, compared with $3.85 per gallon of premium, a report by AAA showed. According to EIA figures, the percentage spread in 2001 was much larger, at about 17%. "As the percentage of ethanol in gasoline grows, higher octane blendstock becomes relatively cheaper," the EIA stated.

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