Yesterday, Propel Fuels along with California Governor Arnold Schwarzenegger celebrated the grand opening of a new alternative fuels station in San Jose, CA, that is now serving E85 and biodiesel. This station opening is in correlation with Propel Fuels' rollout of 75 retail alternative fuel stations across California. The roll out is part of California's Low Carbon Infrastructure Investment Initiative, which will create numerous jobs throughout the state as well as provide California drivers with a clean and green alternative fuel option rather than petroleum.
"Building stations like this up and down the state creates jobs while helping clean our air and giving motorists better access to alternative fuels. This is great for the environment, the economy and California," said Governor Schwarzenegger. There are currently more than one million Californians driving flex-fuel vehicles (FFVs) which are able to operate on gasoline with ethanol blends higher than 10%. The increasing amount of alternative fuel stations are helping California consumers save money at the pumps and helping the state move toward a cleaner and more energy dependent future.
The Governor also mentioned that he plans on visiting these stations quite often throughout California as he will be filling up his Hummer with the biodiesel fuel. For this special event, Propel Fuels was selling E85 (85% ethanol, 15% gasoline) for $2.69 compared to the $3.25 price for regular gasoline, and selling B5 (5% biodiesel, 95% gasoline) for $3.29. This infrastructure project is funded in part by a $10.9 million grant from the U.S. Department of Energy and California Energy Commission, as well as matched by Propel Fuels' $16 million in private investment.
