Average regular gas prices remain at $3.80 per gallon nationwide, while the cost of E85 is averaging $2.69, which is still higher than it should be, according to the Iowa Renewable Fuels Association, which reports wholesale prices as low as 10 cents a gallon for E85 in the state.

Executive Director Monte Shaw says the price difference in Iowa between wholesale and retail E85 prices remains historically wide. “As a trade association, we never tell anyone how to price a product at any point in the supply chain but in 27 years I’ve never seen the wholesale-to-retail price spread as large as it is for E85 in Iowa right now. A reasonable person would assume that with E85 at 10 cents wholesale, the retail prices would be the best fuel bargain ever. But we’re not seeing that with a few, very rare exceptions.”

The Iowa Renewable Fuels Associations (IRFA) E85 Wholesale Price Listing Program is available here.