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Ethanol Surpasses Gasoline In Brazil
By Mr Ethanol | September 19, 2008
Wall Street Journal Blogs:
If ethanol is losing its lure in the U.S., it’s only increasing its celebrity status in Brazil as the fuel of choice for millions of car owners.
According to a report released last week by Brazil’s Agriculture Ministry, gasoline is fast becoming the country’s alternative fuel. Ethanol consumption is way up, thanks in part to consumer demand and Brazil’s automakers.
In the first half of 2008, Brazil consumed 2.4 billion gallons of gasoline and 2.38 billion gallons of ethanol. But the race is quickly tilting in ethanol’s favor, as ethanol consumption has been trumping gasoline for the last five months, says Brazil’s National Petroleum Agency.
Most of that is due to the fact that ethanol’s cheaper: gasoline goes for around $1.31 a liter, compared with about $0.57 a liter for the homegrown stuff.
Car buyers here love flex-fuel cars like Americans once loved SUVs and big pickups. That’s not changing anytime soon, either. By 2011, around 13.5 million gasoline-only cars should be parading down Brazilian roads, with 11.7 million flex-fuel cars following on their bumpers.
“Given the growth of new cars on the road by around 4.5% annually, and the fact that 92% of all new car sales are flex-fuel, ethanol-powered cars will dominate the future car fleet,” the report said. The 92% figure is based on sales data from the Brazilian Motor Vehicles Manufacturers Association.
Topics: Brazil, Ethanol, News, Prices |
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