The U.S. Department of Energy estimates for every one billion gallons of ethanol produced, 10,000 to 20,000 jobs are added to our domestic economy.
According to the most recent available data by the DOE, ethanol saves American consumers more than $35 billion per year at the pump. And according to Iowa State’s latest research, ethanol saved an average of $1.09 per gallon in 2011 – quite the savings considering Americans used more than 131 billion gallons of gasoline last year.
Ethanol is helping our country with the toughest challenges it faces right now — without ignoring the big issues we're facing in the long term.
In 2011 alone, the ethanol industry created and supported more than 400,000 new jobs across the country that cannot be exported or outsourced. In addition, ethanol production contributed $42.4 billion to the nation’s GDP and generated $4.3 billion in federal tax revenues. Ethanol production also plays a critical role in revitalizing America’s rural areas — some of the hardest hit by the economic downturn — by stimulating economic growth.