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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.
Average Rack Prices. As of August 2015, the rack price of ethanol was $1.62 versus $2.19 for unleaded 87âoctane gasolineâa difference of 57 cents per gallon. The average ethanol rack price fell 5 cents from last month's price and was 62 cents lower than a year ago.nleaded 84âoctane gasoline's average rack price fell 20 cents compared to last month's price. In the tables below, ethanol and unleaded gasoline rack prices per gallon, F.O.B. Omaha, are given for each month with an annual average for each year from 1982 to the present.