IRFA Launches E85 Wholesale Price Listing Service
August 9, 2013
Press Contact: T.J. Page
515-252-6249
New Service Allows Retailers to Review Several Supply Options at One Site
JOHNSTON, IOWA –The Iowa Renewable Fuels Association (IRFA) today announced the launch of its E85 Wholesale Price Listing Service. The IRFA lists E85 prices from wholesale distributors with the intent of increasing transparency in the marketplace, allowing retailers to review supply options in one location.
“The goal of our E85 wholesale price listing program is to assist retailers in providing their consumers with the lowest-cost E85 available,” stated IRFA Executive Director Monte Shaw. “This is good for the Renewable Fuels Standard (RFS), good for consumers, and great for Iowa. Many of these suppliers pass the RIN savings to the consumer, which is making for some very attractive E85 prices. In fact, several E85 suppliers this week have E85 a dollar or more below the average price for regular unleaded gasoline.”
The E85 Wholesale Price Listing Program is available at:
www.iowarfa.org/E85PastPriceProgram.php.
E85 Wholesale Prices
August 8, 2013 prices. Posted August 9, 2013.
|
Supplier Name
|
Location
|
Contact Info.
|
Price*
|
Ethanol Content
|
Source |
| St. Ansgar, Iowa |
Don Burns Absolute Energy 641-326-2220 |
$1.93 | 83% | DTN | |
| Heartland Fuel Products | Des Moines Terminal |
|
$2.21 | 75% | OPIS |
| Heartland Fuel Products | Des Moines Terminal |
|
$2.25 | 70% | OPIS |
| Siouxland Energy and Livestock Cooperative | Sioux Center, Iowa |
Matt Carter EcoEnergy 615-786-0404 |
$1.84 | 80% | DTN |
| The Andersons-Denison | Denison, Iowa |
John DiMartini The Andersons 419-891-6491 |
$1.76 | 83% | DTN |
| Valero Corp. | Des Moines Terminal | $2.01 | 70% | OPIS |
*Prices rounded to nearest penny.
|
OPIS Des Moines Rack Average Regular Gasoline (for comparison) |
$2.92 | OPIS |
The IRFA will publish Thursday’s E85 price every Friday. 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.