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Helping DC Drivers Save Money at the Pump this Memorial Day

by Joel Velasco on May 17, 2010

To draw attention to a hidden tax on American drivers and help make summer vacation a little more affordable, the Brazilian Sugarcane Industry Association will offer Washington-area drivers a discount of $0.54 per gallon off the price of gasoline at two Capitol Hill stations. In honor of Memorial Day, we’ll double the discount for military personnel who can show a military ID

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The calendar may say summer doesn’t really start until June 21, but we all know Memorial Day is the unofficial kick-off to summer vacation.  For most Americans, the last weekend in May involves fueling up and road tripping to a favorite destination.

Those fill-ups seem to get more expensive each year.  Thankfully, analysts have backed away from dire predictions of huge price spikes, but gasoline still costs significantly more this year compared to 2009.  The federal Energy Information Administration predicts that gas prices will average $2.94 per gallon this summer, up from $2.44 per gallon last summer.

Competition Would Lower Prices

One reason for higher fuel prices is a lack of competition in the market for ethanol.  Economics 101 is pretty clear: consumers win when businesses compete in an open market, because competition produces higher quality products at lower costs.

But unfortunately, Congress has rigged the system – primarily through a $0.54-per-gallon tariff on imported ethanol – to keep competition out of America’s renewable fuels market.  This trade barrier has two important consequences:

  1. Sugarcane ethanol – a clean and affordable renewable fuel that could help cut U.S. dependence on oil from the Middle East and improve the environment – is largely unavailable in America.
  2. American drivers pay more at the pump.  That’s because ethanol makes up 10 percent of most gasoline sold in the U.S. today.  Since the import tax artificially raises the price of ethanol in America, those higher costs ripple through the larger fuel supply.

The tariff is scheduled to expire at the end of this year, and Congress is currently considering whether to extend or change its ethanol policies.

Helping Summer Vacation Cost Less For DC Drivers

To draw attention to this hidden tax on American drivers and help make summer vacation a little more affordable, the Brazilian Sugarcane Industry Association will offer Washington-area drivers a discount of $0.54-per-gallon off the price of gasoline at two Capitol Hill stations.  In honor of Memorial Day, we’ll double the discount for military personnel who can show a military ID.

Where

Capitol Hill Exxon

339 Pennsylvania Avenue, SE

Washington, DC 20003

Congressional Exxon

200 Massachusetts Avenue, NE

Washington, DC 20002

 

When

Tuesday, May 25th from 7:00 am to 7:00 pm

We’re offering this cheaper gasoline as a sign of goodwill on the part of the Brazilian sugarcane ethanol industry and an indication of our desire to eliminate trade barriers on clean, renewable energy.  It’s also a symbolic gesture demonstrating how Americans across the country will save money at the pump if Congress ends the unfair tax on imported ethanol.

So come out to Capitol Hill next Tuesday, fill up with discounted gas and help us raise a little cane!  Above all, have a happy, affordable and safe Memorial Day vacation.

Advertisement promoting the benefits of sugarcane ethanol.

copyright 2010 Brazilian Sugarcane Industry Association