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These are in contrast to a May 2012, Center for Agricultural and Rural Development study which showed a $0.29 to $1.09 reduction in per gallon gasoline price from ethanol use. [ 82 ] The U.S. consumed 138.2 × 10 ^ 9 US gal (523 × 10 ^ 6 m 3 ) of gasoline in 2008, blended with about 9.6 × 10 ^ 9 US gal (36 × 10 ^ 6 m 3 ) of ethanol ...
Camphene / alcohol blends (at $.50 per gallon) were cheaper than whale oil ($1.30 to $2.50 per gallon) and lard oil (90 cents per gallon). It was about the same price as coal oil, which was the product first marketed as "kerosene." [5] In 1860, German inventor Nicolaus Otto uses ethyl alcohol as a fuel in an early internal combustion engine. [6]
As of 2005, E85 is frequently sold for up to 36% lower price per quantity than gasoline. [10] Much of this discount can be attributed to various government subsidies, and, at least in the United States, the elimination of state taxes that typically apply to gasoline and can amount to 47 cents, or more, per gallon of fuel.
The price of regular unleaded gas on average was $3.063 per gallon on Tuesday, down from $3.183 a month ago and $3.313 a year ago, according to AAA. This story has been updated with new information.
As of October 2008 the average price of E25 gasoline was $4.39 per gallon [148] while the average price for ethanol was US$2.69 per gallon. [149]
The decision underscores concerns within President Joe Biden's administration over fuel prices, as opinion polls show inflation and the economy as key vulnerabilities for his 2024 re-election bid ...
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