Iowa E85 Sales Jump 43 Percent in 2nd Quarter 2013
August 20, 2013
Press Contact: T.J. Page
Attractive E85 Prices Lead to Greater Use and Increased Air Quality
JOHNSTON, IOWA –The Iowa Renewable Fuels Association (IRFA) today announced that sales of E85 have soared recently for an increase of 43 percent over the first quarter of 2013. Iowans purchased more than 2.62 million gallons of E85 in the second quarter of 2013, up from the 1.83 million gallons of E85 purchased in the first quarter of 2013, according to Iowa Department of Revenue data.
“E85 sales were down at the end of 2012 and beginning of 2013 due to last summer’s drought, but we’re seeing those numbers turn around now with very attractive E85 prices,” stated IRFA Executive Director Monte Shaw. “As impressive as the 43 percent increase in second quarter E85 sales was, we should see E85 sales grow even further as the price savings are even better now. I routinely pay more than $1 per gallon less than regular unleaded for E85, and that’s serious savings.”
The IRFA recently launched a wholesale E85 price reporting campaign to promote greater transparency for retailers and distributors of E85 in order to aid retailers in supplying their consumers with the lowest-cost E85 available.
The IRFA publishes Thursday’s wholesale E85 prices every Friday at http://iowarfa.org/E85PastPriceProgram.php. E85 suppliers wishing to have their price posted should contact T.J. Page with the IRFA at 515-252-6249 or tpage@IowaRFA.org. To be eligible for listing, the supplier’s price must: be publicly posted elsewhere; be available to any retailer or supplier; not be restricted by gallonage caps. E85 is defined in state law as a blend of between 70 and 85 percent ethanol with gasoline.
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 three cellulosic ethanol facilities currently under construction. In addition, Iowa has 12 biodiesel facilities with the capacity to produce nearly 315 million gallons annually.
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.