Attention Memorial Day Drivers: Ethanol Lowering Gas Prices


PHOTO

WASHINGTON may 23, 2013; As millions of Americans took to the roads for a long holiday weekend, the Renewable Fuels Association reminds drivers that ethanol is not only a clean, green renewable fuel, it is helping Americans save money at the gas pump.

National gas prices are steadily rising. According to GasBuddy.com, the national average is $3.68. Bob Dinneen, the President and CEO of the Renewable Fuels Association, commented, “It is getting painful yet again to stand at the pump and watch the dollars fly by. Thankfully, ethanol exists to help lower prices, stretch the gasoline supply, and provide both engine and environmental benefits. On a larger scale, the ethanol industry is a high octane economic engine that is supporting more than 365,000 jobs across America, revitalizing challenged rural communities, and reducing the American dollars sent overseas to buy petroleum from often hostile dictators in oil-rich countries.”

While it is not uncommon to see higher gas prices along the coasts of the United States, it is an oddity that highest prices in the nation lately have been in the state of Minnesota. According to recent local media reports, the statewide average is $4.26 per gallon.

According to 2012 updated research conducted by economics professors at the University of Wisconsin and Iowa State University for the Center for Agricultural and Rural Development (CARD), domestically-produced ethanol reduced wholesale gasoline prices by an average of $1.09 per gallon in 2011. That is an additional 20-cent savings over the $0.89 these same economists recorded in 2010.

It is expected that drivers in Iowa may also soon be hit with increased costs. Once again, ethanol, this time in the form of E85 (85 percent ethanol, 15 percent gasoline) that is widely available in the Corn Belt, is delivering significant savings to owners of flex-fuel vehicles. Dinneen commented, “I suspect owners of flex-fuel vehicles will enjoy their summer driving vacations a bit more than other drivers. The savings that flex-fuel drivers will enjoy is significant.”

According to the website e85prices.com/minnesota.html, the published average statewide E85 price is approximately $3.31 compared to $4.19 for gas. E85 is recorded to be as low as $2.49 per gallon in Eagan, Minn.

To find out more about E85, please visit ChooseEthanol.com. To find out if your vehicle is approved to use E85 consult your owner’s manual or for a list of flex-fuel vehicles, please see RFA’s Flex Fuel brochure/listing. To learn about the benefits and value of ethanol in general, please visit www.EthanolRFA.org.

-->

Home | Buyers Guides By Make | New Car Buyers Guide | Used Car Super Search | Total New Car Costs | Car Reviews Truck Reviews
Automotive News | TACH-TV | Media Library | Discount Auto Parts

Copyright © 1996-2014 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by The Auto Channel, LLC and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | XML SITE MAP | Affiliates

Send your questions, comments, and suggestions to Editor-in-Chief@theautochannel.com.

Submit Company releases or Product News stories to submit@theautochannel.com.
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: http://www.theautochannel.com/