Quote:
Originally posted by kaisen
It is renewable, and petroleum is not. It isn't too stupid for that reason alone.
Here in the midwest E85 is up to 50 cents per gallon less than 87 octane, so even a reduction in fuel economy still nets a savings.
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When gas was $3.15, E85 was $0.50 cheaper. That's 84% of the price for 73% of the gas-mileage--so that's still a loser.
Now, gas is $2.35 a gallon and E85 is $2.30 a gallon. That's 98% of the price for 73% of the gas-mileage--an even bigger loser.
ADM is headquartered exactly 40 miles south of me. Nearly every station in town sells E85. This is probably the densest market for E85 in the country.