US Spread between E85 Ethanol, Gasoline Reaches All-Time High
by Jim Lane (Biofuels Digest) In Washington, according to crowd-sourced data from the Renewable Fuels Association’s E85prices.com, the national price spread between regular unleaded and E85 has never been greater in the 17 years of tracking on the website. That price differential is currently at 33% for the month of November, or more than 8 percentage points higher than any other month in recorded history on the website. In many locations today—including California, Ohio, Iowa, Kentucky, Indiana and Illinois–E85 is at least $1 per gallon cheaper than E10.
On average nationwide, flex fuel vehicle drivers who fill up with 20 gallons of E85 are saving $14 per tank over drivers who fill up with E10. Even when ethanol’s lower energy density is factored in, E85 costs less than E10 per mile driven.
The advantageous price scenario is due to the widening price spread between ethanol and gasoline, but also the strong value of Renewable Identification Numbers (RINs) credits. In recent weeks, wholesale ethanol prices have been 15-20% below wholesale gasoline prices—the largest discount in more than two years. READ MORE
Consumers Win with Ethanol (Renewable Fuels Association)
Jackson gas station offering some of the nation’s lowest E85 prices (Sioux City Journal)
IRFA: Iowans can save more than $1 per gallon with E85 (Ethanol Producer Magazine)
RFA: Consumers win with ethanol (Ethanol Producers Magazine)