Noted: The trade group?s claims are based on academic work by Dermot J. Hayes of Iowa State University and Xiaodong Du of the University of Wisconsin, Madison. The professors? original peer-reviewed work on the subject, published in 2009, assigned a more modest amount of credit to the biofuel for its ability to reduce gasoline prices. That work, however, was updated in May ? with financial support from the trade group ? for Iowa State?s Center for Agricultural and Rural Development, and the findings ascribed greater price-reducing powers to ethanol.
Office of Strategic Communication