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GoE For America!
- According to a May 2003 study, increasing the amount of ethanol to our gasoline pool could reduce the cost of fuel to consumers by as much as 6.6 cents per gallon.
- GoE reduces our reliance on foreign oil. If everyone in America used E-10, it would reduce our dependence on foreign oil by more than 300 million barrels each year. This is oil that costs us over $5 billion.
- According to a 1997 study by the Kellogg School of Management, ethanol production improved the U.S. trade balance by approximately $2 billion that year alone.
- Domestic ethanol production was expected to reach 3 billion gallons by the end of 2003. If we increased that to 5 billion gallons by 2012, we would displace more than 1.6 billion barrels of imported oil, or 5 percent of our imports, during that period.
- Ethanol production is the third largest market for corn grown in the United States.
- According to the U.S. Department of Agriculture, ethanol production adds 30 cents to the value of a bushel of corn.
- According to the Renewable Fuels Association, ethanol production adds $4.5 billion to U.S. farm income annually.
- Demand for grain from ethanol production increases net farm income more than $1.2 billion a year. The resulting boost in the agricultural economy cuts farm program costs and taxpayer outlays.
- Ethanol production has been responsible for more than 40,000 jobs in the United States, or more than $1.3 billion in household income.
- Ethanol production directly and indirectly adds more than $6 billion to the American economy each year by boosting surrounding economies.
- Ethanol co-products - distillers dried grains (DDGs), corn bran, corn gluten feed, corn gluten meal, corn germ meal and condensed fermented corn extractives - can be sold as livestock and poultry feed. Corn-derived feed ingredients are one of our leading agricultural exports. The United States exports more than $600 million of corn gluten feed and corn gluten meal each year, strengthening our balance of trade.
