Flexible Fuel Vehicle Owners Benefit From Ethanol Savings

Flexible Fuel Vehicle Owners Benefit From Ethanol Savings

Homegrown, low-cost E85 ethanol is helping Iowans combat high gasoline prices.

While Iowa gasoline prices have recently risen sharply during the past week or so, ethanol is continuing to help consumers save money. While E15 is typically being sold at a 15 cent discount to unblended fuel, flex-fuel vehicle (FFV) owners have seen E85 priced as much as $1.23 per gallon lower than regular, unblended gasoline. The 10% ethanol blend is priced at $3.89 at most stations in Iowa, while regular gasoline with no ethanol in it is priced above $4 per gallon.

IOWA GAS PRICES TOP $4: Gasoline prices have risen sharply this past week. Regular unleaded is now above $4 per gallon in Iowa. However, owners of Flexible Fuel Vehicles are benefitting from ethanol savings by using E85, as the 85% ethanol blend is priced as much as $1.23 per gallon lower than regular unleaded gasoline. The 10% ethanol blend is priced at $3.89 at most stations, while regular gas with no ethanol is above $4 per gallon.

"Iowa gas prices have been on the rise, but ethanol blends, especially E85, are helping Iowans save some of their hard earned money," says T.J. Page, director of communications for the Iowa Renewable Fuels Association. "E85 is a renewable, clean burning fuel produced right here in Iowa. Using E85 is not only saving consumers more than a dollar per gallon, it is boosting the Iowa economy, supporting local jobs, and creating a healthier environment."

For a list of Flex Fuel Vehicles or to find an E85 station near you, here's help

To determine if your vehicle is approved to use E85, a fuel blend containing 85% ethanol and 15% gasoline, consult your owner's manual.

To find an E85 station near you, visit the IRFA website, or download the FlexFinder mobile app for Android and Apple devices. For more information and to download the mobile app, visit the Ethanol Retailer website.

Iowa is the leader in renewable fuels production. Iowa has 41 ethanol refineries capable of producing over 3.7 billion gallons annually, with one wet mill and two cellulosic ethanol facilities currently under construction. In addition, Iowa has 12 biodiesel facilities with the capacity to produce nearly 315 million gallons annually.~~~PAGE_BREAK_HERE~~~

The Iowa Renewable Fuels Association was formed in 2002 to represent the state's liquid renewable fuels industry. The trade group fosters the development and growth of the renewable fuels industry in Iowa through education, promotion, legislation and infrastructure development. For more information, visit the Iowa Renewable Fuels Association website.

Free Workshops On New Fuels Offered In Iowa--Changes in gasoline distribution will affect what's available at the pump

In other news, the Iowa Renewable Fuels Association announced last week that it will be hosting a summer workshop series addressing upcoming changes in the fuels shipped to Iowa via the current pipeline system. These workshops are aimed at assisting fuel retailers, suppliers and marketers in preparing for the first major change in the types of fuel available at retail locations since lead was phased out of gasoline starting in the mid 1970s.

"Upcoming changes in the types of fuels offered through the major pipeline running through Iowa will force Iowa's fuel retailers and distributors to make some important business decisions," says IRFA managing director, Lucy Norton. "These workshops will help participants prepare for this product change, understand the economic considerations and evaluate how renewable fuel blending fits into the new product mix."

Pipeline company will eliminate regular unleaded gasoline shipments to Iowa

Magellan's announcement to eliminate regular unleaded gasoline shipments to Iowa will require all retailers to evaluate their product offerings. The workshops will provide details of the new fuel options along with the impact on ethanol blends, future market conditions, and E15 as a new fuel option.

"Fuel distributors and retailers have a lot to take into consideration before the fuel shipped through the major pipeline in Iowa changes in September," Norton says. "We want to assist the fuel industry in preparing for this significant change to their business portfolio and encourage fuel suppliers and retailers to attend one of the workshops to better understand the fuel options that will affect the future of their businesses."

For workshop details and to register, please visit the IRFA website. Registration deadline is five days in advance of the date of each scheduled workshop.
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