Cheaper Ethanol Now Out Sells Gasoline In Brazil

Ethanol sells for around 63 cents per liter in Brazil, compared to about $1.07 for one liter of gasoline. Cheaper Ethanol Now Out-Sells Gasoline In BrazilBy Cliff Montgomery – Dec. 30th, 2008This year ethanol sales have outpaced gasoline sales in Brazil, according to a Tuesday report from the nation’s National Petroleum Agency (ANP). The occurrence is a first for the South American country, a chief ethanol producer.The study only considered hydrated ethanol sales for automobiles–that is, purchases of a pure form of ethanol which may be used in most Brazilian cars. It did not account for sales of anhydrous ethanol that is utilized to blend with standard gasoline, stated the agency.Hydrated ethanol sales reached 4.2 billion gallons (15.8 billion liters) through October. That is a staggering 44.9 percent increase from 2007, added the ANP.Nearly 90 percent of Brazil’s automobiles can use as a fuel either pure ethanol, pure gasoline or some mixture of both.Brazil is the world’s top producer of sugar cane-based ethanol. Only the United States makes more ethanol; but the U.S.-made fuel is derived from corn.According to Agence France-Presse (AFP), a French wire service, ethanol is substantially cheaper than pure gasoline in Brazil. Ethanol sells for around 63 cents per liter in U.S. dollars, compared to about $1.07 in U.S. dollars for one liter of gasoline, states AFP.Like what you’re reading so far? Then why not order a full year (52 issues) of thee-newsletter for only $15? A major article covering an story not being told in the Corporate Press will be delivered to your email every Monday morning for a full year, for less than 30 cents an issue. Order Now! Wait, why does an independent news source run advertisements? The Spark answers in its advertising policy. * Please check out our ads–they help keep this news site running. Thanks!