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. 2009 Feb 3;2:3. doi: 10.1186/1754-6834-2-3

Table 8.

Ethanol price scenarios

Pricing method	Label	Net ethanol revenue (₂₀₀₅US$ litre^-1)		Comment
		Oil price US$62 barrel^-1a	Oil price US$100 barrel^-1

Price = f(volume + subsidy)	E5+ subsidy	0.65	0.89	Price = (gasoline price) + (subsidy) - (margin incentive)) - (transport and distribution costs).

Price = f(volume)	E5	0.37	0.61	Price = (gasoline price) - (margin incentive)) - (transport and distribution costs).

Price = f(energy content)	E85	0.23	0.40	Price = (gasoline price) * (relative energy density) - (margin incentive)) - (transport and distribution costs).

^a2005 EU average.