31 Aug '12, 6pm

Ethanol Offers American Drivers Relief at the Pump #AGNBiofuels

According to AAA, thirty-three million Americans will travel at least 50 miles from home over Labor Day weekend. Approximately twenty-eight million of those people will drive. A 3.1 percent increase from Labor Day weekend 2011. The number of drivers isn’t the only holiday weekend statistic to increase since 2011. Gas prices have been increasing as well. However, relief at the gas pump is possible thanks to America’s growing use of ethanol. According to updated research released by the Center for Agricultural and Rural Development and conducted by economics professors at the University of Wisconsin and Iowa State University, ethanol reduced wholesale gasoline prices by an average of $1.09 per gallon in 2011. The results showed increased savings compared to 2010, when the average savings resulting from ethanol blending saved Americans $.0.89 per gallon. [Read RFA’s summary o...

Full article: http://www.ethanolrfa.org/news/entry/ethanol-offers-ameri...

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