E85 drops to more than $1 lower than wholesale gasoline
In Iowa, the Iowa Renewable Fuels Association’s E85 Wholesale Price Listing Program detailed that E85 is priced at up to a $1.14 discount to petroleum-based gasoline, a 50% overall discount per gallon and representing a savings, on an energy-density or cost per mile basis, or up to 29% lower.
According to the wholesale price listings, E85 (which contains between 70 and 85 percent ethanol), is wholesaling at Absolute Energy at $1.15 per gallon and $1.15 from Little Sioux Corn Processors. At the other end of the scale, E85 is being offered by HollyFrontier at as much as $1.80 per gallon, which is not cost-competitive with gasoline. The break-even point for E85, based on $2.28 per gallon wholesale gasoline, is around $1.64.
E85 Wholesale Prices
Supplier Name | Location | Contact Info. | Price* | Ethanol Content | Source |
Absolute Energy | St. Ansgar, Iowa | Don BurnsAbsolute Energy
641-326-2220 |
$ 1.14 | 83% | DTN |
Cenex | Des Moines Terminal | $ 1.62 | 70% | OPIS | |
Flint Hills Resources | Des Moines Terminal | $ 1.50 | 70% | OPIS | |
HollyFrontier | Des Moines Terminal | $ 1.80 | 70% | OPIS | |
Little Sioux Corn Processors | Marcus, Iowa | Emily BlackRPMG
952-465-3239 |
$ 1.15 | 83% | DTN |
Quad County Corn Processors | Galva, Iowa | Matt CarterEcoEnergy
615-786-0404 |
$ 1.30 | 85% | Company Website |
RPMG | Des Moines Terminal | Emily BlackRPMG
952-465-3239 |
$ 1.50 | 70% | OPIS |
Siouxland Energy Cooperative | Sioux Center, Iowa | Tom MillerSiouxland Energy
712-722-4904 |
$ 1.26 | 80% | Company Website |
The Andersons-Denison | Denison, Iowa | John DiMartiniThe Andersons
419-891-6491 |
$ 1.24 | 85% | DTN |
Valero Corp. | Des Moines Terminal | $ 1.49 | 70% | OPIS |
*Prices rounded to nearest penny.
Comparative Price Information
Des Moines Rack Average Clear Regular Gasoline(for comparison) | $ 2.28 | OPIS |
Category: Fuels