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Comparative Analysis between Hydrous Ethanol and Gasoline C Pricing in Brazilian Retail Market

2019; Multidisciplinary Digital Publishing Institute; Volume: 11; Issue: 17 Linguagem: Inglês

10.3390/su11174719

2071-1050

Thiago B. Murari, Aloísio Santos Nascimento Filho, Éder J. A. L. Pereira, Paulo Ferreira, Sergio Pitombo, Hernane Borges de Barros Pereira, Alex Álisson Bandeira Santos, Marcelo A. Moret,

Fermentation and Sensory Analysis

The global energy landscape is rapidly changing, including the transition to a low carbon economy and the use of liquid biofuel. The production of liquid biofuel has emerged as an alternative to the use of fossil fuels for purposes of energy conservation, carbon emission mitigation and agricultural development. In this article we study the co-movements between hydrous ethanol and gasoline C in the Brazilian retail market. A multi-scale cross correlation analysis was applied to the Average Retail Margin time series of hydrous ethanol for fifteen relevant retail markets in Brazil to analyze the competitiveness of hydrous ethanol towards gasoline C. The empirical results showed a remarkable different behavior between hydrous ethanol and gasoline C, for any time scale, regardless of geographical distance or regional differences.