Flex-Fuel car owners reaping the benefit of cheaper fuel
April 15, 10:35 PM ·
James Pratt -
Detroit Alternative Energy Examiner
While gasoline prices this spring continue to climb towards $3 a gallon, owners of flex-fuel cars are beginning to take advantage of something better. They are discovering cheaper E85 flex-fuel.
Made from 85 percent ethanol and just 15 percent gasoline, the fuel known as E85 has become the better bargain for thousands of Michigan motorists looking to fill up. Those are the motorists who own the many flex-fuel capable vehicles now driving on area roads.
General Motors, Ford and Chrysler have delivered millions of flex-fuel cars over the last decade, but until now, only a small percentage of owners bought flex-fuel. In prior years, the cost of flex-fuel was usually near or above the price of gasoline, so it didn’t make economic sense to buy E85 from a strictly dollars and cents perspective.
The economics changed about two months ago, when the good news of last year’s bumper corn crop collided with increased petroleum demand. Gasoline prices began to rise, and ethanol prices began to fall.
The result?
It’s now far cheaper to fill up on E85. And flex-fuel car owners are loving it.
This week, gasoline prices averaged $2.87 a gallon in Michigan, while E85’s average pump price was just $2.30, according to the website
http://e85prices.com. It's now a better deal to use E85.
Today, at a Shell Station on South Waverly Road in Lansing, a young woman in a 2007 Chevrolet Impala stopped to fill with E85 for the very first time.
“I didn’t even think about it until today, when I saw the sign,” the unidentified woman said. “I’ve had this car for a year, and have never tried it before, until today.”
She topped off her blue Impala with E85 at just $2.29 a gallon.
“We’ll see how it works out,” she said.
The Lansing area woman is not alone in not using E85 before. Many owners of flex-fuel cars haven’t tried ethanol, mostly because either it was hard to find, or because the price didn’t make economic sense. Until now, that is.
More:
http://www.examiner.com/examiner/x-...ar-owners-reaping-the-benefit-of-cheaper-fuel