florida

Florida

POPULATION (2015): 20,271,272

REGISTERED CARS & LIGHT TRUCKS: 14,886,713

ANNUAL GAS CONSUMPTION (2014): 8.4 Billion GPY

TOTAL RETAIL STATIONS: 6,352

Maximum E85 use:947 Million GPY
FFVs in use:1,346,439
E85 stations:80
Flex Station implied demand:+495
Maximum E15 use:6.7 Billion GPY
EPA approved E15 vehicles:11,909,370
E15 Station implied demand:+5,082

Fuel specifications

Gasoline:

Conventional

Reid Vapor Pressure:

Entire state requires 9.0 psi RVP from May 1-September 15 on a retail level. Selected counties including Broward, Dade, Duval, Hillsborough, Palm Beach and Pinellas are required to use low-RVP gasoline in the summer months.

Contact information for key state regulatory agencies

Consumer Services, 850-410-3800

State incentives

Biofuels Investment Tax Credit
An income tax credit is available for 75% of all capital, operational, maintenance, and research and development costs incurred in connection with an investment in the production, storage, and distribution of renewable fuel in the state, up to $1 million annually per taxpayer and $10 million annually for all taxpayers combined. Costs associated with retrofitting gasoline fueling station dispenser retrofits for renewable fuel distribution also qualify. Taxpayers must incur costs between July 1, 2012, and June 30, 2016. If the credit is not fully used in any one tax year, the unused amount may be carried forward through December 31, 2018. Any entity that is allowed the investment tax credit may transfer the credit, in whole or in part, to any taxpayer by written agreement without transferring ownership interest in the qualified property. Renewable fuel is defined as a fuel produced from biomass that is used to replace or reduce conventional fuel use. (Florida Statutes 212.08 and 220.192)

Federal incentives

Alternative Fuel Infrastructure Tax Credit
(Originally expired 12/31/13 - retroactively extended through 12/31/16, by H.R. 2029) Fueling equipment for E85 installed between January 1, 2014, and December 31, 2016, is eligible for a tax credit of 30% of the cost, not to exceed $30,000. Station owners with multiple locations can use the credit towards each site. For more information about claiming the credit, see IRS Form 8911.

Ethanol plant direct E85/ethanol sales

Click here for a complete list of domestic ethanol producers and sales contacts for E85/direct ethanol sales

E15/Flex Fuel Profit Estimate
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Florida
AVG STATION (110,000 GPM)
Average Retailer:
New gallons/$$/Mo E15 & Flex: 20,300 $3,400
New Customers/Mo:+2,256 
Additional Merch. Margin from above:$6,600
RINs not applied to reduce price:$980
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TOTAL NEW PROFIT/MO  $10,980
Top Performing Retailer:
New gallons/$$/Mo E15 & Flex:48,200$8,000
New Customers/Mo:+5,351 
Additional Merch. Margin from above:$15,600
RINs not applied to reduce price:$2,800
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TOTAL NEW PROFIT/MO  $26,400

Want to see what E15/Flex fuels could do for your operation?

Try out the E15/Flex fuel profit Estimator
A Roadmap for Ethanol cover

a roadmap for ethanol

You’re thinking about adding or switching to a new fuel grade on your product slate, and you’ve considered premium and diesel, because those are the fuels all station owners consider. But today, the market is different, and you’re curious about what E15, E85, and other flex fuels could do for your business. Good move.

Download the Full Guide