Ethanol saving consumers 7 to 10 cents per gallon, says ACE

In South Dakota, the American Coalition for Ethanol (ACE), a national advocacy association for the U.S. ethanol industry, released this statement following President Obama’s remarks yesterday on energy policy and gasoline prices.

“We appreciate that the President talked about biofuels in his remarks on how to cope with gasoline prices today.  While there is no easy, silver-bullet solution to reduce gas prices, unleashing the ability for American ethanol to comprise a greater share of the gasoline market through E15 would provide immediate relief at the pump.

ACE noted that, according to the Oil Price Information Service (OPIS), current ethanol wholesale prices in the Gulf Coast are about 75 cents less than gasoline and the gap is even wider in other markets.  At today’s prices, 10% ethanol blends are already saving consumers 7 to 10 cents per gallon compared to unleaded gasoline.”