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The United States became the world's largest producer of ethanol fuel in 2005. The U.S. produced 15.8 billion U.S. liquid gallons of ethanol fuel in 2019, up from 13.9 billion gallons (52.6 billion liters) in 2011, [1] [2] and from 1.62 billion gallons in 2000. [3] Brazil and U.S. production accounted for 87.1% of global production in 2011. [1]
One of the downsides of allowing 15% ethanol fuel is the big jump in corn prices in recent years. [17] Even though the 2012 North American drought has made the production of ethanol too expensive to put on a nationwide scale, NASCAR continues to use E15 ethanol fuel as an alternative to their "E0" gasoline that was used in the past. [18]
About 400 filling stations exist in the US that sell E85 fuel, mostly in the Midwest. Gasoline prices rise as ethanol prices stay the same, due to rapidly growing ethanol supply and federal tax subsidies for ethanol. Wholesale ethanol prices drop nearly 30% between January and April, or $1.75 to $1.23 per gallon in the U.S.
In 2011, the three national NASCAR stock car series mandated a switch from gasoline to E15, a blend of Sunoco GTX unleaded racing fuel and 15% ethanol. [116] Australia's V8 Supercar championship uses Shell E85 for its racing fuel. Stock Car Brasil Championship runs on neat ethanol, E100. Ethanol fuel may also be utilized as a rocket fuel.
In a reverse stock split, a company reduces the number of shares outstanding, boosting the share price. For example, with a 1:3 stock split, the number of shares is divided by three while the ...
And the stock will begin trading at the split-adjusted price on June 10. Considering today's share price of $1,095, the price on June 10 should be around $109. Investors don't have to lift a finger
Since 2007, the Indy Racing League has used ethanol as its exclusive fuel, after 40 years of using methanol. [7] Since September 2007 petrol stations in NSW, Australia have been mandated to supply all their petrol with 2% ethanol content [ 8 ]