Posted at: 10/28/2013 10:40 PM
Updated at: 10/29/2013 7:39 AM
By: Jay Kolls
There is a new and less-expensive ethanol-blend gasoline available for the first time in Minnesota, according to the new owners of an independent oil company called "Minnoco." It's called E-15 and is 15-percent ethanol, and you do not have to own a flex-fuel vehicle to use it.
Any 2001 vehicle or newer can use the new, E-15 ethanol blend and, right now, the price is about 25 cents cheaper than the mid-grade premium gasoline rated at 89-octane. E-30 is still the cheapest ethanol blend, but it is only compatible with flex-fuel vehicles.
Rick Bohnen and his business partners opened the new "Minnoco" gas station at the corner of 60th Street and Penn Avenue South in Minneapolis, replacing Bohnen's Mobil Station.
It is rolling out E-15 at this location, but they hope to have three more "Minnoco" stations open across the Twin Cities by the end of November.
Bohnen tells 5 EYEWITNESS NEWS that E-15 is a better alternative to E-85 because "E-85 has shown to actually reduce gas mileage and E-15, in some cases, actually helps get better gas mileage at a cost that is significantly cheaper than mid-grade gasoline at the pump."
Bohnen and his partners will have a ribbon-cutting ceremony and news conference this Wednesday to officially unveil E-15 at its Penn Avenue "Minnoco."
Minnesota House Speaker Paul Thissen is expected to be at the new conference along with the Minnesota Corn Growers Association and possible candidates for Minneapolis Mayor.