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Biodiesel as a motor fuel price stabilization mechanism

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  • Serra, Teresa
  • Gil, José M.

Abstract

This article studies the capacity of biofuels to reduce motor fuel price fluctuations. For this purpose, we study dependence between crude oil and biodiesel blend prices in Spain. Copula models are used for this purpose. Results suggest that the practice of blending biodiesel with diesel can protect consumers against extreme crude oil price increases.

Suggested Citation

  • Serra, Teresa & Gil, José M., 2012. "Biodiesel as a motor fuel price stabilization mechanism," Energy Policy, Elsevier, vol. 50(C), pages 689-698.
    • Handle: RePEc:eee:enepol:v:50:y:2012:i:c:p:689-698
    DOI: 10.1016/j.enpol.2012.08.013
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