Estimated read time: 2-3 minutes
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
This is Fred Ball for Zions Bank, speaking on business.
The average American will change professions several times during his or her career. So whatever you're doing now, gain as much knowledge from your experiences as you can, and keep your eyes open for new opportunities!
That's what Elgin Williams of Salt Lake has done. He told me that for much of his career, he handled investment banking for small businesses. The job required a great deal of travel, said Elgin, as a matter of fact, too much travel. When the opportunity for something different presented itself, he was ready.
For the past year and a half, Elgin has owned the Chevron gas station and food mart off the Riverton-Draper exit in Draper. It's not an unusual business. After all, there's a gas station at most busy intersections. But, there's something different about this Chevron, something new and exciting. Elgin's Chevron is one of only three gas stations in the entire state that sell E85.
E85 looks a lot like regular gasoline, only it's 85 percent ethanol. It's a high-octane, renewable source of fuel that's non-toxic, water soluble and biodegradable. Unlike oil and coal, there's really no threat of running out of ethanol. That's because it's created from the fermentation of plant sugars. Using it can actually reduce pollution. And best of all, it's produced right here in the United States. It costs only a few cents more than regular gasoline, and the price will likely drop once more people begin using it.
Of course, you probably think that you'd need to buy a new car in order to use E85. Actually, Ford Motor, General Motors and DaimlerChrysler Corporation all offer engines capable of running on E85 as standard equipment in many of their vehicles. If your car is only a few years old, it may be E85 compatible and you don't even know it! And here's something else you may not know — where you'll be working in five years!
For Zions Bank, I'm Fred Ball. I'm speaking on business.