Thursday, October 4, 2007

Iowa E85 Sales Up 40%

The Iowa Renewable Fuels Association (IRFA) recently announced that E85 sales in Iowa continued to grow in the second quarter of 2007.

Sales of E85 in Iowa reached 800,491 gallons during the second quarter of 2007, a 40 percent increase over the same time period in 2006.

According to Monte Shaw, IRFA Executive Director:
“As ethanol prices moderated from temporary highs in 2006, consumers flocked to E85. Since the 2nd quarter, ethanol prices have continued to go lower while gasoline prices have continued to increase on the wholesale market. So we anticipate strong growth for the 3rd quarter as well. The number one challenge right now is consumer access. Hopefully these exciting numbers will convince more retailers that E85 is the right thing to do.”
Iowa has become the leader in renewable fuels production with 29 ethanol refineries with the capacity to produce nearly 2 billion gallons annually. There are 18 ethanol refineries under construction or expansion that will add nearly 1.4 billion gallons of annual capacity.

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