Coalition for E85 Fights Back Against Rising Prices

Cindy Zimmerman

As prices for 85 percent ethanol fuel are rising in the wake of the expiration of the Volumetric Ethanol Excise Tax Credit (VEETC) on January 1, the Coalition for E85 is increasing its effort to have American-made 85-percent ethanol recognized as an alternative fuel along with natural gas, propane, and hydrogen alternatives.

The expiration of the VEETC resulted in an immediate a 38-cent increase on every gallon of clean E85, which the coalition notes reduces the incentive for Americans to buy domestically produced fuels, and endangers the investments of millions of Flex Fuel auto owners, E85 retailers, producers, equipment manufacturers, and other supporters.

“Despite the tax credit’s expiration, we are continuing to work to protect the investments made by millions of Flex Fuel drivers, and thousands of retailers and producers who want to keep money spent on fuel right here in our country,” said Matt Horton, CEO of Propel Fuels, a leading member of the Coalition for E85. “Oil companies didn’t need the tax credit to keep blending ethanol into gasoline, but America’s alternative fuel retailers need the tax credit to keep E85 affordable. Without Congress’ continued support, America will become more dependent on foreign oil.”

The Coalition for E85 is urging supporters to reach out to their representatives and show support for E85. A tool kit including sample letters to Congress, pump top posters for retailers, and social media links can be found on the coalition’s website.

E85, Ethanol, Ethanol News