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Although the cost of each gallon of ethanol produced in the MicroFueler depends on the price of sugar, electricity, and water, Thomas Quinn maintains that it can be made for somewhere around $1 per gallon. The company is trying to make inedible sugar available from Mexico, which can be bought for as little as 2.5 cents per pound.
Prices In conjunction with the drop in crude oil prices, the world ethanol price is projected to decrease from USD 59.7/hl in 2014 to USD 51.7/hl in 2015. It should then increase over the projection period to reach USD 60.3/hl by 2024 (Figure 3.7). Expressed in real terms, the world ethanol price is expected to be 17% lower in 2024 than its 2014 value. Several factors are expected to influence the level of ethanol prices.