Ethanol needed in Georgia
We need to ween Georgia off fossil fuels as soon as possible.
I have added a tank or two of biodiesel to my truck, not yet available in Oconee although we're working on that one. Go to Apex Oil off Old West Broad in Athens for Biodiesel
FOR IMMEDIATE RELEASE
Contact:
Kristin Brekke, Communications Director
Phone: (605) 334-3381 / E-mail: kbrekke@ethanol.org
Ethanol-Blended Fuel Could Ease Atlanta Gas Prices
Sioux Falls, SD (March 31, 2005) – Atlanta gas prices could drop by seven cents per gallon or more if ethanol was used in the metro area's fuel, according to the American Coalition for Ethanol (ACE).
“Because of the strong production of ethanol in the U.S. and record high prices for gasoline, the price of ethanol-blended fuel is a great value,” said Ron Lamberty, ACE Vice President / Market Development. “We estimate that, based on current market prices, fuel prices in the Atlanta metro area could be seven cents per gallon lower if stations were allowed to use ethanol-blended fuel.”
In many places in the Midwest, a 10% blend of ethanol is selling for up to 10 cents less per gallon than conventional gasoline. The use of E10, the blend of 10% ethanol and 90% unleaded gasoline, is covered under warranty by every automaker that sells vehicles in the U.S. Many recommend ethanol's use because of its clean burning, high performance characteristics.
“Blending this very cost-effective fuel with gasoline brings the overall cost of the fuel down considerably, making a real difference for people paying record prices at the pump,” Lamberty said.
A 10% blend of ethanol receives a federal tax credit of 5.1 cents. Also, spot market prices for the base fuel that ethanol is mixed with (called RBOB, or reformulated blendstock for oxygenate blending) are currently 2 cents less per gallon than conventional gasoline. And in the current marketplace, the price of ethanol is substantially below the price of gasoline. All of these factors add up to cost savings that consumers would welcome.
The 13 counties in and around Atlanta were to begin using reformulated gasoline in January to help meet federal clean air requirements. Reformulated gasoline, used in many areas of the country, includes an oxygenate such as ethanol that helps gasoline burn more cleanly and more completely. The state of Georgia sued the U.S. Environmental Protection Agency over the matter, and the case is now in the 11 th U.S. Circuit Court of Appeals.
“Instead of fighting to prevent its use, Atlanta should be welcoming ethanol into its fuel supply,” Lamberty added. “A move to blending ethanol with Atlanta's fuel would allow petroleum marketers to take full advantage of ethanol's low cost and tax benefits, and these benefits can be passed along to the region's motorists.”
Ethanol fast facts:
Ethanol is a clean-burning, renewable fuel made from crops such as corn.
Ethanol reduces our dependence on foreign sources of energy, displacing expensive petroleum imports.
Currently 84 ethanol plants are operating in the U.S. with 15 more under construction.
The U.S. produced 3.4 billion gallons of ethanol in 2004, up from 2.81 billion gallons in 2003.
Ethanol is blended into approximately 30% of the nation's gasoline.
Nearly half of U.S. ethanol comes from facilities owned by farmers and other local investors.
Ethanol is a high-performance fuel with a 113 octane rating.
###
The American Coalition for Ethanol (ACE) is the grassroots voice of the U.S. ethanol industry. ACE is a national trade association for the ethanol industry with more than 700 members in 41 states, including farmers, ethanol producers, commodity organizations, businesses supplying goods and services to the ethanol industry, rural electric cooperatives, and individuals supportive of increased production and use of ethanol. For more information about the organization or about ethanol, visit ACE on the Web at www.ethanol.org or call (605) 334-3381.
I have added a tank or two of biodiesel to my truck, not yet available in Oconee although we're working on that one. Go to Apex Oil off Old West Broad in Athens for Biodiesel
FOR IMMEDIATE RELEASE
Contact:
Kristin Brekke, Communications Director
Phone: (605) 334-3381 / E-mail: kbrekke@ethanol.org
Ethanol-Blended Fuel Could Ease Atlanta Gas Prices
Sioux Falls, SD (March 31, 2005) – Atlanta gas prices could drop by seven cents per gallon or more if ethanol was used in the metro area's fuel, according to the American Coalition for Ethanol (ACE).
“Because of the strong production of ethanol in the U.S. and record high prices for gasoline, the price of ethanol-blended fuel is a great value,” said Ron Lamberty, ACE Vice President / Market Development. “We estimate that, based on current market prices, fuel prices in the Atlanta metro area could be seven cents per gallon lower if stations were allowed to use ethanol-blended fuel.”
In many places in the Midwest, a 10% blend of ethanol is selling for up to 10 cents less per gallon than conventional gasoline. The use of E10, the blend of 10% ethanol and 90% unleaded gasoline, is covered under warranty by every automaker that sells vehicles in the U.S. Many recommend ethanol's use because of its clean burning, high performance characteristics.
“Blending this very cost-effective fuel with gasoline brings the overall cost of the fuel down considerably, making a real difference for people paying record prices at the pump,” Lamberty said.
A 10% blend of ethanol receives a federal tax credit of 5.1 cents. Also, spot market prices for the base fuel that ethanol is mixed with (called RBOB, or reformulated blendstock for oxygenate blending) are currently 2 cents less per gallon than conventional gasoline. And in the current marketplace, the price of ethanol is substantially below the price of gasoline. All of these factors add up to cost savings that consumers would welcome.
The 13 counties in and around Atlanta were to begin using reformulated gasoline in January to help meet federal clean air requirements. Reformulated gasoline, used in many areas of the country, includes an oxygenate such as ethanol that helps gasoline burn more cleanly and more completely. The state of Georgia sued the U.S. Environmental Protection Agency over the matter, and the case is now in the 11 th U.S. Circuit Court of Appeals.
“Instead of fighting to prevent its use, Atlanta should be welcoming ethanol into its fuel supply,” Lamberty added. “A move to blending ethanol with Atlanta's fuel would allow petroleum marketers to take full advantage of ethanol's low cost and tax benefits, and these benefits can be passed along to the region's motorists.”
Ethanol fast facts:
Ethanol is a clean-burning, renewable fuel made from crops such as corn.
Ethanol reduces our dependence on foreign sources of energy, displacing expensive petroleum imports.
Currently 84 ethanol plants are operating in the U.S. with 15 more under construction.
The U.S. produced 3.4 billion gallons of ethanol in 2004, up from 2.81 billion gallons in 2003.
Ethanol is blended into approximately 30% of the nation's gasoline.
Nearly half of U.S. ethanol comes from facilities owned by farmers and other local investors.
Ethanol is a high-performance fuel with a 113 octane rating.
###
The American Coalition for Ethanol (ACE) is the grassroots voice of the U.S. ethanol industry. ACE is a national trade association for the ethanol industry with more than 700 members in 41 states, including farmers, ethanol producers, commodity organizations, businesses supplying goods and services to the ethanol industry, rural electric cooperatives, and individuals supportive of increased production and use of ethanol. For more information about the organization or about ethanol, visit ACE on the Web at www.ethanol.org or call (605) 334-3381.
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