Nebraska drivers to save $17 million in 2016 thanks to ethanol blending

In Nebraska, drivers will save approximately $17 million by using ethanol-blended gasoline in 2016. The savings is based on lower prices for ethanol compared to wholesale gasoline and the state’s projected spark-ignition fuel consumption of 900 million gallons.

Between August 2015 and August 2016, the cost of wholesale ethanol averaged 18 cents per gallon less than the minimum octane gasoline allowed to be sold in most of the U.S.

Nebraska is the nation’s second largest producer of ethanol with 25 plants producing a combined capacity approaching 2.5 billion gallons annually. The ethanol industry has a $5 billion annual economic impact in the state.