Ethanol gas is slightly cheaper that regular gas. The current price of ethanol here in the state of Arizona averages at about $2.98/gallon. The current price of regular gasoline here in Arizona is $3.24/gallon. Interestingly, it is the use of ethanol that is keeping regular gas prices low, without it, the average cost would be closer to $4.00/gallon.
Yes, Ethanol is cheaper. However, keep in mind that it is not necessarily a better deal because the energy contained in Ethanol is much less than the energy contained in an equivalent volume of gasoline. Therefore, you may wind up paying more money for each mile that you travel. I recommend comparing the BTUs in ethanol and gasoline along with the price in your locality to decide if ethanol is right for you.
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