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 OZschwitz mandate on ethanol fuel costs drivers dearly: study

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OZschwitz mandate on ethanol fuel costs drivers dearly: study Vide
PostSubject: OZschwitz mandate on ethanol fuel costs drivers dearly: study   OZschwitz mandate on ethanol fuel costs drivers dearly: study Icon_minitimeSun Apr 27, 2014 7:09 pm
NSW'S E10 unleaded fuel mandate is a ''debacle'' and is costing the state's motorists millions, according to an international study.

OZschwitz mandate on ethanol fuel costs drivers dearly: study Art-E10-20fuel-620x349

The Texas Tech University research found motorists had a ''significant aversion'' to the ethanol blended product.

With the push for E10 reducing the availability of regular grade unleaded, motorists had instead flocked to the more expensive premium petrol because of concerns about E10's potential engine damage as well as fuel efficiency.

''The effect was so pronounced that premium grade gasoline became the No.1 selling grade of gasoline,'' said the report's authors Michael Noel and Travis Roach.

The mandate was a debacle which had cost motorists ''$345 million and counting'', said Professor Noel, from the university's department of economics.

That figure calculated the price difference between regular unleaded and premium.

''In 2010, one out of every three consumers forced off of regular switched to premium instead of E10,'' Professor Noel said.

Read more: http://www.smh.com.au/nsw/mandate-on-ethanol-fuel-costs-drivers-dearly-study-20140427-37c6j.html#ixzz308BtngYp
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