Wholesale E85 at Record Discount to Gasoline
June 18, 2014
Press Contact: T.J. Page
E85 Now Found for $1.39 Less Than Gasoline in Iowa Wholesale Markets, Largest Price Differential since IRFA Started Tracking Prices
JOHNSTON, IOWA – The Iowa Renewable Fuels Association (IRFA) today announced E85 can be found for up to $1.39 per gallon less than regular gasoline in wholesale markets, the largest price differential since IRFA began its Wholesale E85 Price Listing Service.
On Monday, June 16, the average price of regular 87-octane gasoline without ethanol was $3.18 per gallon at the Des Moines Terminal, according to OPIS. Meanwhile, Absolute Energy, an ethanol plant in St. Ansgar, Iowa, was selling E85 for $1.79 per gallon.
“E85 is currently being sold in wholesale markets across Iowa at more than a $1.00 per gallon discount to regular gasoline, and that’s serious savings for Iowa families,” stated IRFA Executive Director Monte Shaw. “With the Summer driving season in full swing and uncertainty in the Middle East keeping oil prices elevated, using ethanol is not only helping to support the state’s economy and energy security, it’s also providing Iowa families with a much needed price break at the pump.”
E85 is a fuel blend containing between 70 and 85 percent ethanol. E85 is currently sold at more than 200 fueling sites in Iowa, and can be used in all flex-fuel vehicles (FFV). To determine if your vehicle can use E85, please check your owner’s manual, the vehicle’s fuel cap, or click here for a list of FFVs.
For a list of retail locations offering E85, please click here.
To view IRFA’s Wholesale E85 Price Listing Service, please click here.
Iowa is the leader in renewable fuels production. Iowa has 42 ethanol refineries capable of producing over 3.8 billion gallons annually, with 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.