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Impact of Biofuels on U.S. Retail Gasoline Prices: A Systematic Literature Review

Author

Listed:
  • Karel Janda

    (Charles University, Faculty of Social Sciences, Institute of Economic Studies & Prague University of Economics and Business, Faculty of Finance and Accounting)

  • Eva Michalikova

    (Faculty of Business and Management, Brno University of Technology, Brno, Czech Republic)

  • Luiz Célio Souza Rocha

    (Management Department - Federal Institute of Education, Science and Technology - North of Minas Gerais, Almenara, Brazil)

  • Paulo Rotella Junior

    (Faculty of Finance and Accounting, Prague University of Economics and Business, Prague, Czech Republic & Department of Production Engineering - Federal University of Paraíba, Joao Pessoa, Brazil & Institute of Economic Studies, Faculty of Social Sciences, Charles University, Prague, Czech Republic)

  • Barbora Schererova

    (Faculty of Finance and Accounting, Prague University of Economics and Business, Prague, Czech Republic)

  • Jan Sila

    (Institute of Economic Studies, Faculty of Social Sciences, Charles University, Prague, Czech Republic & Institute of Information Theory and Automation, Czech Academy of Sciences, Prague, Czech Republic)

  • David Zilberman

    (University of California, Berkeley)

Abstract

This paper summarizes the main findings of the results in the literature on the role of ethanol in reducing retail gasoline prices in the United States. We provide a comprehensive overview of the key results and methodologies used to obtain them. The paper documents the growing research interest in the assessment of the impacts of biofuels on agricultural commodity prices and overall price dynamics; presents the research trends, thematic map and the conceptual structure map; and identifes the main directions of the corn-ethanol focused biofuels literature through the analysis of predominant clusters. The last key contribution is the proposed research agenda.

Suggested Citation

  • Karel Janda & Eva Michalikova & Luiz Célio Souza Rocha & Paulo Rotella Junior & Barbora Schererova & Jan Sila & David Zilberman, 2022. "Impact of Biofuels on U.S. Retail Gasoline Prices: A Systematic Literature Review," Working Papers IES 2022/31, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Dec 2022.
    • Handle: RePEc:fau:wpaper:wp2022_31
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    File URL: https://ies.fsv.cuni.cz/en/research/working-papers/6718
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    More about this item

    Keywords

    biofuels; corn; ethanol; gasoline; U.S. retail prices; systematic literature review;
    All these keywords.

    JEL classification:

    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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