Australian regulator justifies nearly doubling ethanol prices

In Australia, the Independent Pricing and Regulatory Tribunal recommended the wholesale price of ethanol should be A$1.35 per liter compared to the 60 to 80 cents paid now, going against what many thought would have been a regulatory measure to help reduce the price of E10 and drive consumers to fill up with the fuel. The regulator’s chairman said, however, that he didn’t think the higher ethanol price would affect the pump price and that a lower ethanol price would deal a nasty blow to the burgeoning ethanol industry.