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As of 2005, E85 is frequently sold for up to 36% lower price per quantity than gasoline. [10] Much of this discount can be attributed to various government subsidies, and, at least in the United States, the elimination of state taxes that typically apply to gasoline and can amount to 47 cents, or more, per gallon of fuel.
These are in contrast to a May 2012, Center for Agricultural and Rural Development study which showed a $0.29 to $1.09 reduction in per gallon gasoline price from ethanol use. [ 82 ] The U.S. consumed 138.2 × 10 ^ 9 US gal (523 × 10 ^ 6 m 3 ) of gasoline in 2008, blended with about 9.6 × 10 ^ 9 US gal (36 × 10 ^ 6 m 3 ) of ethanol ...
In the United States, to realize equivalent fuel economy at the pump with an FFV, the price of E85 must be much lower than gasoline. E85 was at least 20% less expensive in most areas as recently as 2011. In one US test, a 2007 Chevy Tahoe FFV averaged 18.3 MPG (U.S. gallons) for gasoline and 13.5 MPG for E85, 26.5% worse than gasoline.
The current national gas price average is $3.62 per gallon. The average cost of gas has decreased 15% in the last two years, from when it was $4.27 per gallon .
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An East Coast convenience chain is offering gas at a patriotic price for one day only. Sheetz slashes gas price by 50% to $1.776 per gallon. But only for one day
Notes: (1) Estimates assumes 45% highway driving, 55% city driving, and 15,000 annual miles. (2) Average U.S. prices: $2.82/gallon for gasoline, and $2.42/gallon for E85 fuel. E85 prices vary widely by region. As of early November 2010 the minimum price was $2.02/gallon in Illinois and the maximum price was $2.99/gallon in New York.
Gasoline prices are at their lowest level of the year heading into Thanksgiving. The national average is around $3.27 per gallon, down $0.28 in the last month — and $0.34 lower from a year ago ...