The ethanol industry continues to evolve. When we last checked in on the industry (Spring 2004 Iowa Ag Review), ethanol prices tracked with unleaded gasoline prices; production capacity was expanding; and Congress was considering an energy bill targeting higher usage of renewable fuels. The future looked good for ethanol as we computed a positive ethanol profi tability index for the foreseeable future. Since then, ethanol and unleaded gasoline prices have diverged; the production expansion has continued; Congress is still considering the energy bill; and the industry has gone through some growing pains.
Hart, Chad E.
Iowa Ag Review: Vol. 11
, Article 3.
Available at: http://lib.dr.iastate.edu/iowaagreview/vol11/iss3/3