Feed stock, used to make the fuel, will cost about $1 per gallon, he said.

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“Henry Ford started the automobile revolution using ethanol, predicting that this renewable and accessible fuel would become the ‘fuel of the future,’ ” he said during the May launch of the Microfueler. “If not for the Prohibition laws in the 1920s and the subsequent rise of the oil industry, ethanol may never have lost its public appeal. E-Fuel will deliver on Ford’s prediction and enable consumers to bypass the costly oil infrastructure and their reliance on fossil fuels.”

Butterfield is excited to be working in the field of alternative fuels again. He’s convinced that this time around, the oil market is not going to stabilize and prices will continue to rise.

“I thought in 1980 the world was running out of oil. All the signs were there,” he said. “That was true back then, it’s just we were able to stave it off for 25 years. Now we can’t.”