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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 and Unleaded Gasoline. As of July 2016, the rack price of ethanol was $1.64 versus $1.60 for unleaded 87âoctane gasolineâa difference of 4 cents per gallon. The average ethanol rack price fell 5 cents from last month's price and was 3 cents lower than a year ago.