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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.
Ethanol prices have tumbled from a 2005 high of nearly $1.75 per gallon (rack) in January to $1.23 in early April. Ethanol splash/rack prices were as low as $1.14-$1.19 per gallon in high-volume markets like Des Moines, Iowa City, Sioux City and Omaha last week (week of April 4-8)..$0.44â$0.31 / liter. Ethyl alcohol, also known as ethanol, or grain alcohol, is a flammable, colorless chemical compound found in alcoholic beverages.thanol splash/rack prices were as low as $1.14-$1.19 per gallon in high-volume markets like Des Moines, Iowa City, Sioux City and Omaha last week (week of April 4-8).. $0.44â$0.31 / liter. Ethyl alcohol, also known as ethanol, or grain alcohol, is a flammable, colorless chemical compound found in alcoholic beverages.