How did ethanol save US drivers $1.08 per gallon in 2011? RFA goes through the CARD data
In Washington, the Renewable Fuels Association said that, as 28 million Americas and Canadians hit the road for the Labor Day holidays, that ethanol reduced the average American household’s spending on gasoline by more than $1,200 in 2011. “Since 2000, the $0.29-per-gallon price dampening impact of greater domestic ethanol use has saved the American economy an average of nearly $40 billion per year. As a result, ethanol has helped the average American household reduce its spending on gasoline by an average of more than $340 per year since 2000.” The group pointed to a CARD report showing that regular grade gasoline prices averaged $3.52 per gallon in 2011, but would have been closer to $4.60 per gallon without the inclusion of more than 13 billion gallons of lower-priced ethanol.
Category: Fuels
