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Biofuels Have Little Effect On Gasoline Prices
2013-10-11 04:19:05

Lee Rannals for redOrbit.com - Your Universe Online Contrary to popular belief, biofuels like ethanol may not help lower the price at the pump, according to findings reported in The Energy Journal. Over the past couple of years, some people have claimed that the widespread use of ethanol has reduced the wholesale cost of gasoline by $0.89 to $1.09 per gallon. However, Christopher Knittel, an MIT economist and co-author of the new paper, says this claim is unfounded. “The point of...


Word of the Day
lunula
  • A small crescent-shaped structure or marking, especially the white area at the base of a fingernail that resembles a half-moon.
This word is a diminutive of the Latin 'luna,' moon.
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