Absolute Energy launches direct E85 distribution to retailers at $1.93 per gallon

In Iowa, Absolute Energy, a 115 million gallon per year ethanol plant near the Iowa-Minnesota border, is now offering E85, a fuel blend containing 85 percent ethanol and 15 percent gasoline, directly to retailers and is passing on the RIN value generated by blending ethanol. According to OPIS, recent prices for E85 at Iowa terminals were about $2.77 per gallon, while Absolute Energy listed the price for its E85 at only $1.93 per gallon earlier this week.

“By offering higher blends like E85 directly to retailers, Iowa ethanol plants are passing along the RIN savings and hoping that retailers will reflect the lower wholesale prices at the pump,” said Iowa Renewable Fuels Association Executive Director Monte Shaw.

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