Tuesday Truth #19: Ethanol Helps Keep Gas Prices Lower

Categories: General Info

Even though gas prices across the country are falling, a memorandum from the United States Department of Energy shows that gas prices would not be as low if it were not for biofuels, like ethanol. Here are a few statistics:

  • Gasoline prices would be an additional 20 to 35 cents per gallon higher without ethanol.
  • Because of ethanol, a typical household in the United States finds a savings of $150 to $300 per year.
  • For the US overall, because ethanol keeps gas prices lower, ethanol helps save $28 billion to $49 billion per year.
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