Mike
Well-Known Member
The Canadian Trucking Alliance (CTA) is bringing attention to claims by a petroleum pricing expert that support the group's contention that Canada's biodiesel mandate will drive up fuel prices.
Drawing comparisons to an ethanol mandate on gasoline introduced last year Michael Ervin, vice-president and director of consulting services with Kent Marketing Services, has said: "It is entirely likely that a more robust ethanol renewable fuel standard (10% for example) might lead to higher gasoline prices, particularly if existing incentives and tax exemptions were removed, since ethanol is a relatively expensive gasoline additive. The same may very well hold true for biodiesel, once better price/cost transparency is established for this product.
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Drawing comparisons to an ethanol mandate on gasoline introduced last year Michael Ervin, vice-president and director of consulting services with Kent Marketing Services, has said: "It is entirely likely that a more robust ethanol renewable fuel standard (10% for example) might lead to higher gasoline prices, particularly if existing incentives and tax exemptions were removed, since ethanol is a relatively expensive gasoline additive. The same may very well hold true for biodiesel, once better price/cost transparency is established for this product.
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