oklahoma

Oklahoma

POPULATION (2015): 3,911,338

REGISTERED CARS & LIGHT TRUCKS: 3,386,218

ANNUAL GAS CONSUMPTION (2014): 2 Billion GPY

TOTAL RETAIL STATIONS: 1,827

Maximum E85 use:435 Million GPY
FFVs in use:593,502
E85 stations:31
Flex Station implied demand:+289
Maximum E15 use:1.6 Billion GPY
EPA approved E15 vehicles:2,708,974
E15 Station implied demand:+1,462

Fuel specifications

Gasoline:

Conventional

Reid Vapor Pressure:

Retailers in the state are required to sell 9.0 psi RVP gasoline throughout the state from June 1-September 15.

Contact information for key state regulatory agencies

Oklahoma Commerce Commission, 405-521-4683

State incentives

Ethanol Fuel Retailer Tax Credit
Retailers that sell fuel blends of gasoline containing up to 15% ethanol by volume (E15) are eligible for a motor fuel tax credit of $0.016 per gallon of ethanol blended into gasoline and sold in Oklahoma, as long as the retailer provides a price reduction to the purchaser of the ethanol fuel in the same amount. This incentive is effective unless the federal government mandates the use of reformulated fuel in an area within Oklahoma that is in nonattainment with the National Ambient Air Quality Standards. (Oklahoma Statutes 68-500.10-1)

Ethanol Sales Tax Exemption
The portion of ethanol (ethyl alcohol) sold and blended with motor fuel is exempt from sales tax. (Oklahoma Statutes 68-500.10-1 and 68-1359)

Ethanol Labeling Requirement
Motor fuel containing more than 1% ethanol may not be sold or offered for sale from a motor fuel dispenser unless the individual selling or offering the fuel for sale prominently displays a label on the pump stating the fuel “Contains Ethanol.” The retailer must display the label in a clear, conspicuous, and prominent way on the same side of the motor fuel pump where the price is shown. If a motor fuel pump dispenses fuel that contains at least 10% ethanol (E10), the label must also state the percentage of ethanol by volume. In addition, the person selling motor fuel or offering it for sale must provide the following information to the fuel user if requested: (Oklahoma Statutes 52-347)

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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Oklahoma
AVG STATION (90,600 GPM)
Average Retailer:
New gallons/$$/Mo E15 & Flex: 16,700 $2,800
New Customers/Mo:+1,858 
Additional Merch. Margin from above:$5,400
RINs not applied to reduce price:$810
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TOTAL NEW PROFIT/MO  $9,010
Top Performing Retailer:
New gallons/$$/Mo E15 & Flex:39,700$6,600
New Customers/Mo:+4,406 
Additional Merch. Margin from above:$12,900
RINs not applied to reduce price:$2,300
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TOTAL NEW PROFIT/MO  $21,800

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