Ethanol Spike Causing Rising Gasoline Prices
A volatile ethanol market has been driving gasoline prices higher since early February because most gasoline sold in the U.S. has about 10% of the corn-based biofuel.
Photo via fishhawk/Flickr.
A volatile ethanol market has been driving gasoline prices higher since early February because most gasoline sold in the U.S. has about 10% of the corn-based biofuel, reports MarketWatch.
So far this year, the price of the ethanol additive has surged 30% to $2.30 per gallon. In March, ethanol prices rose 22%, according to the outlet. In recent years, the corn-based fuel has been cheaper than gasoline hydrocarbon, making it an appealing blending option to lower prices.
The national average price of gasoline rose to $3.57 for the week ending March 31, according to data from the U.S. Energy Information Administration. Among the 50 states, 29 recorded an average price of at least $3.50 at the end of March, according to the AAA's Daily Fuel Gauge Report.
The shorter supply of ethanol is mostly due to transportation disruptions due to harsh weather, energy pundits told MarketWatch.
More Green Fleet
EV Charging Use Is Outpacing Infrastructure Growth
ChargePoint’s 2026 Charging Forward Report points to rising charger use, higher-powered charging, commercial vehicle electrification, and energy-management technology. Here’s what fleets should know.
Read More →
Merchants Fleet Reports 290M EV Miles as Fleets Navigate Changing Electrification Market
From millions in operating savings to hundreds of millions of EV miles, Merchants Fleet’s latest report reveals what’s working and what’s changing in fleet electrification.
Read More →
The EV Breakdown Nobody's Talking About: Why Most Electric Vehicle Roadside Calls Aren't Mechanical Failures
Here's why EV breakdowns are widely misunderstood.
Read More →
ChargePoint Now Available in Energy Pass
ChargePoint and additional planned charging network integrations were added to GM's Energy Pass.
Read More →
First Look: Slate Auto's Electric Fleet Pickup
Could an affordable, modular EV pickup make electrification more practical for fleets?
Read More →
Slate Debuts Colorful, Unique EV Models
A recent media and client event, studded with electric vehicles dressed up on platforms, planted a new position for the manufacturer in the wider EV market. Fleets will find cost-saving advantages.
Read More →
Slate Electric SUV, Pickup Switchable Model Aims For Light-Duty Fleets
Everything about this EV is counterintuitive and understated, making it stand out from the crowd.
Read More →
Inspiration Mobility Acquires Key Electrada Assets
Inspiration Mobility Group has acquired select assets of Electrada, adding the fleet electrification provider's team, technology, and charging infrastructure development capabilities to its energy management business.
Read More →
Why America’s Most Popular Vehicle is So Hard to Electrify
Turning America’s favorite workhorse electric means balancing range, payload, charging infrastructure, and price, an equation automakers are still trying to solve.
Read More →