The scuffle over more ethanol in the fuel supply continues, but it looks like gasoline containing up to 15 percent ethanol (E15) will most likely flow out of at least one of the pumps at your local fueling station this summer. What this doesn't mean that E10 gasoline, which has been widely used throughout the U.S. for years, will vanish any time soon.
Back in January, the Environmental Protection Agency (EPA) announced that E15 was safe to use in Model Year 2001-2006 vehicles. In October of 2010, the Agency approved the biofuel for 2007 or newer vehicles, but some critics still warn that E15 may be unsafe for autos.
The EPA is looking to finalize the E15 labels for gasoline pumps within the next few months and aims to have the biofuel officially registered for use in road-going vehicles this spring. That means that E15 should be available nationwide sometime this summer. According to Tom Buis, chief executive officer of Growth Energy, the availability of E15 will immediately drive down the price of gasoline, which is predicted to soar to $4 per gallon this July. Anyone else think this'll happen?
[Source: Automotive News – sub. req.]