Ethanol & the Economy
The U.S. Department of Energy estimates that for every one billion gallons of ethanol produced, 10,000 to 20,000 jobs will be added. Hundreds of thousands of Americans are already employed thanks to the 10 percent ethanol in most of our nation's gasoline.
Ethanol use reduces the price of gas by as much as 20-35 cents/gallon (DOE estimate), saving the average American household $150-$300/year. Iowa State University researchers found that ethanol use may take as much as 40 cents off a gallon of gas.
Ethanol is helping our country with the toughest challenge it faces right now - without ignoring the big issues we're facing in the long term. |