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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.
Find ethanol fuel prices and trends. Ethanol is a renewable fuel made from corn and other plant materials. The use of ethanol is widespreadâalmost all gasoline in the U.S. contains some ethanol. Ethanol is available as E85 âa high-level ethanol blend containing 51%-83% ethanol depending on season and geographyâfor use in flexible fuel vehicles. E15 is defined by the Environmental Protection Agency as a blend of 10%-15% ethanol with gasoline. It is an approved ethanol blend for model year vehicles 2001 and newer.