Iowa saves $23 million by using E10 blends

In Iowa, the Iowa Renewable Fuels Association announced that Iowa motorists saved more than $23 million in January alone using E10 ethanol blends, according to data recently released by the Iowa Department of Revenue. Actual savings could exceed $23 million because the Iowa Department of Revenue data does not account for ethanol blending that occurs outside of pipeline fuel terminals.

“Priced at least 23 cents less than its 87-octane no ethanol counterpart, E10 is providing Iowans with huge savings,” stated IRFA Executive Director Monte Shaw. “And those savings add up for both consumers and Iowa’s economy.  The use of E10 is keeping at least $23 million in Iowa instead of sending it out of state or out of the country for petroleum.  In fact, the true savings is likely more than $30 million for the month.  Simply using ethanol is not only saving consumers some of their hard earned money, it’s also cleaning up our air and supporting Iowa jobs.”

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