A study came along this past week from economists at Iowa State University and the University of Wisconsin that found that if ethanol production came to an immediate halt, the estimated gasoline price increase would be what the researcher described as historic proportions, ranging from 41 to 92 percent. Thats roughly $5.50 to $7.50 of gasoline per gallon. The same research team, in a study sponsored by the Renewable Fuels Association and released by the Center for Agricultural and Rural Development (CARD), found that the increased use of ethanol reduced wholesale gasoline prices by an average of $0.89 per gallon in 2010. The average effect increased to $0.89 per gallon, and the regional impact ranges from $0.58 per gallon on the East Coast to $1.37 per gallon in the Midwest, according to the studys authors. Ethanol In Pottersville Thought this was interesting.