Problem: For alternative fuels, the break-even price can be defined as the fuel price point at which switching to the alternative fuel results in no net penalty or benefit to the consumer. Below the break-even price, the alternative fuel offers financial savings. Above the break-even price the consumer will be paying an extra financial premium to use the alternative fuel.
The energy content of gasoline is 114,000 BTU/gallon, and the energy content of ethanol is 76,100 BTU/gallon. If the retail price of gasoline is 3.60 per gallon, what is the breakeven price of E85 blended fuel? (Note, you do not need to include a $ sign when entering your answer)