IF THERE WAS EVER A TIME TO USE E85, IT’S NOW

You might have noticed that E-85 and other higher blends of ethanol are significantly cheaper than regular gasoline at the pump.  It is a good time to own an FFV vehicle and buy E-85.

This week the price of wholesale ethanol ($2.27) was around $1.40 per gallon cheaper than the wholesale price of gasoline ($3.68).    In Illinois this means that E-85 could be anywhere from $3.08 to $3.40 depending on the blend and if the savings are passed on to the consumer. 

In Bloomington, IL, E85 is being sold for $3.19, where unleaded gasoline is sitting at $4.04... that's an .85 cent per gallon savings!

Ethanol has saturated the market at an E-10 level so the supply of ethanol is outpacing demand.  If we add to this  a recent overall drop in demand for gasoline then ethanol gallons are looking for a home.  This huge price advantage for ethanol could easily hold through the summer if E-15 does not find its way into the marketplace or if we do not see a reduction in production by the ethanol plants. 

For those of us driving FFV vehicles let’s take advantage of the value ethanol is providing through higher blends.

 

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