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Ethanol keeps gasoline prices down
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Ethanol production has depressed national wholesale gasoline prices in the US by 14 cents/gal

and

US refinery profit margins by $1.33/bbl over the period of January 1995 to March 2008, according
to work by economics researchers at Iowa State University.

Those figures correspond to an 8% reduction in the case of gasoline prices, and a 10.6% reduction for refinery margins.
http://www.platts.com/weblog/oilblog/2009/06/12/gasoline_prices.html