The ethanol industry provided employment for more than 400,000 Americans across all job sectors. Ethanol production contributed $53.3 billion to the nation's GDP.
Economy
The U.S. Department of Energy estimates that for every one billion gallons of ethanol produced, 10,000 to 20,000 jobs will be added. Hundreds of thousands of Americans are already employed thanks to the 10 percent ethanol in most of our nation’s gasoline.
Ethanol use reduces the price of gas by as much as 20-35 cents/gallon (DOE estimate), saving the average American household $150-$300/year. Iowa State University researchers found that ethanol use may take as much as 40 cents off a gallon of gas.
Ethanol is helping our country with the toughest challenges it faces right now – without ignoring the big issues we're facing in the long term.
In 2008 alone, the ethanol industry created and supported more than 400,000 new jobs across the country that cannot be exported or outsourced. In addition, ethanol production contributed $53.3 billion to the nation’s GDP and generated $8.4 billion in federal tax revenues, resulting in a surplus of $3.4 billion for the Federal Treasury. Ethanol production also plays a critical role in revitalizing America’s rural areas — some of the hardest hit by the economic downturn — by stimulating economic growth.
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