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In 2010, the cost of fuel in the US averaged US$3.42, while the cost for E85 averaged US$3.09, or 90% of the cost of gasoline. [21] [22] In another test, however, a fleet of Ford Tauruses averaged only about 6% fewer miles per gallon in ethanol-based vehicles when compared to traditional, gas-powered Tauruses. [23]
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.
As of 2011, blenders received a US$0.45 per gallon tax credit, regardless of feedstock; small producers received an additional US$0.10 on the first 15 million US gallons; and producers of cellulosic ethanol received credits up to US$1.01. Tax credits to promote the production and consumption of biofuels date to the 1970s.
About 400 filling stations exist in the US that sell E85 fuel, mostly in the Midwest. Gasoline prices rise as ethanol prices stay the same, due to rapidly growing ethanol supply and federal tax subsidies for ethanol. Wholesale ethanol prices drop nearly 30% between January and April, or $1.75 to $1.23 per gallon in the U.S.
Inflation rates in Switzerland just hit 30-year highs with gasoline prices being one major factor. Now a gallon of gas costs $2.36 per gallon more than the worldwide average and a whopping $3.64 ...
Notes: (1) Estimates assumes 45% highway driving, 55% city driving, and 15,000 annual miles. (2) Average U.S. prices: $2.82/gallon for gasoline, and $2.42/gallon for E85 fuel. E85 prices vary widely by region. As of early November 2010 the minimum price was $2.02/gallon in Illinois and the maximum price was $2.99/gallon in New York.
Ethanol fuel has a "gasoline gallon equivalency" (GGE) value of 1.5, i.e. to replace the energy of 1 volume of gasoline, 1.5 times the volume of ethanol is needed. [4] [5] Ethanol-blended fuel is widely used in Brazil, the United States, and Europe (see also Ethanol fuel by country). [2]
He said the plants should get a minimum benefit of 20 cents per gallon of ethanol. But Blank would not offer an estimated price premium that could be passed on to farmers for the corn used to ...