California drivers could save $2.7 billion annually with E15
A new study reveals that California drivers could save up to 20 cents per gallon, totaling $2.7 billion annually, if the state permits the sale of E15 fuel ¹ ² ³ ⁴. E15, a blend of 15% ethanol and 85% gasoline, is approved in all other states. The study highlights E15’s lower carbon emissions and encourages California to consider approval, especially since E15 offers important emissions benefits ¹ ² ³ ⁴.
A new study finds California drivers could save up to 20 cents per gallon if the state allowed gas stations to sell E15 fuel. California is the only state that doesn’t allow fuel made of 15 percent ethanol and 85 percent gasoline. The potential savings for California drivers could reach $2.7 billion annually.
“Consumers have the potential to gain significantly from the introduction and purchase of E15,” the study says. “In particular, our estimates suggest an approximately 20 cents per gallon discount for E15 compared with E10 after adjusting for energy content.”
The study authors also highlighted the benefit of E15’s lower carbon emissions. “In California, price savings for lower GHG intensity fuels are larger, likely due to California-specific policies incentivizing low carbon fuels,” the study concludes.
The study, sponsored by the Renewable Fuels Association, says state regulators are considering the approval of E15 after testing showed it offers important emissions benefits.
Source Link : https://kfgo.com/2024/07/12/california-drivers-could-save-2-7-billion-annually-with-e15/
