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Ethanol and Unleaded Gasoline Average Rack Prices |
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Nebraska farmers were expected to harvest their largest corn crop on record, the news of which pushed corn prices down. Since corn is the top raw material cost for distillers, lower corn prices increased ethanol margins. While the ethanol industry has seen shutdowns, bankruptcy filings and curtailments since late last year, larger ethanol margins would be welcome. U.S. ethanol production for 2009 was also expected to be higher than 2008 due to biofuel blending mandates calling for annual increases in corn ethanol. |
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Ethanol and Unleaded Gasoline Average Rack Prices |
| Fuel Type Year |
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual Average |
| Ethanol | |||||||||||||
| 1982 | $1.75 | $1.70 | $1.66 | $1.70 | $1.70 | $1.70 | $1.70 | $1.70 | $1.70 | $1.69 | $1.72 | $1.75 | $1.71 |
| 1983 | $1.69 | $1.68 | $1.64 | $1.70 | $1.70 | $1.70 | $1.70 | $1.73 | $1.80 | $1.65 | $1.65 | $1.54 | $1.68 |
| 1984 | $1.54 | $1.54 | $1.54 | $1.54 | $1.54 | $1.54 | $1.54 | $1.54 | $1.58 | $1.58 | $1.56 | $1.57 | $1.55 |
| 1985 | $1.57 | $1.58 | $1.57 | $1.68 | $1.62 | $1.62 | $1.61 | $1.58 | $1.59 | $1.60 | $1.60 | $1.55 | $1.60 |
| 1986 | $1.52 | $1.35 | $1.27 | $1.22 | $1.14 | $1.04 | $0.95 | $1.05 | $0.96 | $0.84 | $0.77 | $0.75 | $1.07 |
| 1987 | $0.89 | $1.01 | $1.13 | $1.17 | $1.36 | $1.40 | $1.43 | $1.43 | $1.28 | $1.20 | $1.12 | $1.04 | $1.21 |
| 1988 | $1.05 | $1.08 | $1.09 | $1.14 | $1.14 | $1.14 | $1.23 | $1.17 | $1.13 | $1.16 | $1.15 | $1.13 | $1.13 |
| 1989 | $1.15 | $1.13 | $1.23 | $1.40 | $1.38 | $1.36 | $1.31 | $1.17 | $1.25 | $1.24 | $1.09 | $1.05 | $1.23 |
| 1990 | $1.26 | $1.23 | $1.21 | $1.26 | $1.29 | $1.29 | $1.26 | $1.52 | $1.56 | $1.55 | $1.50 | $1.30 | $1.35 |
| 1991 | $1.30 | $1.23 | $1.25 | $1.28 | $1.33 | $1.27 | $1.24 | $1.28 | $1.21 | $1.24 | $1.33 | $1.28 | $1.27 |
| 1992 | $1.22 | $1.24 | $1.29 | $1.32 | $1.37 | $1.41 | $1.35 | $1.36 | $1.41 | $1.38 | $1.33 | $1.26 | $1.33 |
| 1993 | $1.14 | $1.23 | $1.20 | $1.21 | $1.19 | $1.14 | $1.09 | $1.12 | $1.12 | $1.16 | $1.11 | $1.16 | $1.16 |
| 1994 | $1.13 | $1.16 | $1.13 | $1.12 | $1.12 | $1.19 | $1.25 | $1.32 | $1.26 | $1.21 | $1.22 | $1.18 | $1.19 |
| 1995 | $1.25 | $1.27 | $1.19 | $1.16 | $1.12 | $1.08 | $1.08 | $1.10 | $1.11 | $1.11 | $1.12 | $1.16 | $1.15 |
| 1996 | $1.22 | $1.23 | $1.23 | $1.30 | $1.37 | $1.38 | $1.40 | $1.54 | $1.56 | $1.51 | $1.30 | $1.16 | $1.35 |
| 1997 | $1.13 | $1.13 | $1.13 | $1.14 | $1.16 | $1.08 | $1.09 | $1.15 | $1.19 | $1.19 | $1.19 | $1.18 | $1.15 |
| 1998 | $1.16 | $1.14 | $1.04 | $0.96 | $0.95 | $1.01 | $1.06 | $1.10 | $1.12 | $1.10 | $1.06 | $0.94 | $1.05 |
| 1999 | $0.94 | $0.95 | $1.01 | $0.96 | $0.95 | $0.90 | $0.95 | $0.95 | $0.96 | $0.98 | $1.09 | $1.13 | $0.98 |
| 2000 | $1.10 | $1.14 | $1.14 | $1.19 | $1.25 | $1.35 | $1.33 | $1.33 | $1.48 | $1.49 | $1.66 | $1.72 | $1.35 |
| 2001 | $1.77 | $1.70 | $1.51 | $1.46 | $1.76 | $1.63 | $1.41 | $1.49 | $1.53 | $1.36 | $1.14 | $0.97 | $1.48 |
| 2002 | $0.94 | $0.94 | $1.12 | $1.05 | $0.95 | $1.03 | $1.16 | $1.35 | $1.28 | $1.20 | $1.25 | $1.21 | $1.12 |
| 2003 | $1.15 | $1.30 | $1.44 | $1.25 | $1.12 | $1.27 | $1.28 | $1.27 | $1.38 | $1.38 | $1.65 | $1.72 | $1.35 |
| 2004 | $1.40 | $1.37 | $1.69 | $1.80 | $1.73 | $1.86 | $1.68 | $1.58 | $1.56 | $1.87 | $1.97 | $1.80 | $1.69 |
| 2005 | $1.72 | $1.56 | $1.31 | $1.20 | $1.20 | $1.42 | $1.78 | $2.07 | $2.74 | $2.47 | $2.09 | $1.99 | $1.80 |
| 2006 | $2.13 | $2.52 | $2.42 | $2.45 | $3.04 | $3.58 | $3.14 | $2.72 | $2.33 | $1.89 | $2.25 | $2.43 | $2.58 |
| 2007 | $2.26 | $2.12 | $2.31 | $2.37 | $2.46 | $2.43 | $2.51 | $2.43 | $1.93 | $1.79 | $2.08 | $2.24 | $2.24 |
| 2008 | $2.29 | $2.31 | $2.46 | $2.59 | $2.73 | $2.72 | $2.90 | $2.75 | $2.68 | $2.51 | $2.10 | $1.61 | $2.47 |
| 2009 | $1.67 | $1.67 | $1.62 | $1.62 | $1.70 | $1.81 | $1.72 | $1.72 | $1.69 | $1.94 | $2.14 | $2.15 | $1.79 |
| Fuel Type Year |
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual Average |
| Unleaded Gasoline | |||||||||||||
| 1982 | $1.04 | $1.01 | $0.95 | $0.90 | $0.94 | $1.05 | $1.06 | $1.05 | $1.03 | $1.02 | $0.99 | $0.96 | $1.00 |
| 1983 | $0.92 | $0.88 | $0.86 | $0.90 | $0.94 | $0.95 | $0.95 | $0.95 | $0.93 | $0.91 | $0.89 | $0.87 | $0.91 |
| 1984 | $0.84 | $0.86 | $0.87 | $0.88 | $0.88 | $0.87 | $0.84 | $0.84 | $0.84 | $0.85 | $0.84 | $0.74 | $0.85 |
| 1985 | $0.74 | $0.73 | $0.80 | $0.88 | $0.92 | $0.93 | $0.93 | $0.91 | $0.82 | $0.82 | $0.86 | $0.82 | $0.85 |
| 1986 | $0.74 | $0.60 | $0.46 | $0.50 | $0.58 | $0.54 | $0.42 | $0.47 | $0.48 | $0.45 | $0.47 | $0.46 | $0.51 |
| 1987 | $0.54 | $0.52 | $0.54 | $0.56 | $0.59 | $0.61 | $0.64 | $0.63 | $0.57 | $0.58 | $0.58 | $0.49 | $0.57 |
| 1988 | $0.48 | $0.50 | $0.50 | $0.57 | $0.57 | $0.55 | $0.60 | $0.59 | $0.54 | $0.51 | $0.54 | $0.53 | $0.54 |
| 1989 | $0.54 | $0.52 | $0.56 | $0.63 | $0.64 | $0.71 | $0.71 | $0.56 | $0.66 | $0.63 | $0.58 | $0.55 | $0.61 |
| 1990 | $0.65 | $0.63 | $0.62 | $0.67 | $0.69 | $0.67 | $0.62 | $0.85 | $0.94 | $0.95 | $0.91 | $0.76 | $0.75 |
| 1991 | $0.77 | $0.67 | $0.67 | $0.73 | $0.74 | $0.68 | $0.68 | $0.73 | $0.64 | $0.64 | $0.70 | $0.59 | $0.69 |
| 1992 | $0.54 | $0.57 | $0.61 | $0.64 | $0.69 | $0.70 | $0.66 | $0.65 | $0.68 | $0.67 | $0.62 | $0.59 | $0.64 |
| 1993 | $0.58 | $0.59 | $0.66 | $0.65 | $0.66 | $0.62 | $0.57 | $0.58 | $0.58 | $0.61 | $0.56 | $0.46 | $0.59 |
| 1994 | $0.46 | $0.51 | $0.52 | $0.55 | $0.56 | $0.59 | $0.63 | $0.68 | $0.59 | $0.52 | $0.56 | $0.50 | $0.56 |
| 1995 | $0.53 | $0.56 | $0.57 | $0.63 | $0.67 | $0.61 | $0.56 | $0.57 | $0.58 | $0.58 | $0.61 | $0.63 | $0.59 |
| 1996 | $0.66 | $0.67 | $0.74 | $0.82 | $0.78 | $0.71 | $0.69 | $0.69 | $0.60 | $0.64 | $0.67 | $0.65 | $0.69 |
| 1997 | $0.63 | $0.59 | $0.59 | $0.56 | $0.54 | $0.52 | $0.54 | $0.52 | $0.53 | $0.52 | $0.54 | $0.54 | $0.55 |
| 1998 | $0.54 | $0.47 | $0.40 | $0.47 | $0.47 | $0.43 | $0.41 | $0.38 | $0.39 | $0.43 | $0.37 | $0.41 | $0.43 |
| 1999 | $0.37 | $0.36 | $0.57 | $0.57 | $0.52 | $0.55 | $0.64 | $0.63 | $0.71 | $0.66 | $0.75 | $0.74 | $0.59 |
| 2000 | $0.81 | $0.86 | $0.91 | $0.98 | $0.99 | $1.09 | $0.87 | $0.91 | $1.02 | $0.98 | $0.94 | $0.80 | $0.93 |
| 2001 | $0.93 | $0.91 | $0.86 | $1.08 | $1.24 | $0.85 | $0.78 | $1.01 | $1.01 | $0.70 | $0.60 | $0.56 | $0.88 |
| 2002 | $0.59 | $0.61 | $0.81 | $0.86 | $0.83 | $0.82 | $0.88 | $0.85 | $0.88 | $0.96 | $0.80 | $0.85 | $0.81 |
| 2003 | $0.92 | $1.11 | $1.07 | $0.95 | $0.96 | $0.94 | $0.98 | $1.10 | $0.96 | $0.98 | $0.89 | $0.91 | $0.98 |
| 2004 | $1.04 | $1.10 | $1.17 | $1.23 | $1.45 | $1.27 | $1.32 | $1.27 | $1.30 | $1.42 | $1.32 | $1.17 | $1.25 |
| 2005 | $1.31 | $1.37 | $1.60 | $1.64 | $1.51 | $1.60 | $1.66 | $2.00 | $2.20 | $1.82 | $1.55 | $1.63 | $1.66 |
| 2006 | $1.75 | $1.67 | $1.92 | $2.22 | $2.18 | $2.22 | $2.39 | $2.31 | $1.70 | $1.62 | $1.65 | $1.69 | $1.94 |
| 2007 | $1.49 | $1.74 | $2.02 | $2.25 | $2.66 | $2.41 | $2.49 | $2.33 | $2.30 | $2.24 | $2.52 | $2.35 | $2.23 |
| 2008 | $2.43 | $2.53 | $2.67 | $2.89 | $3.22 | $3.37 | $3.30 | $3.10 | $2.94 | $2.02 | $1.33 | $1.07 | $2.57 |
| 2009 | $1.26 | $1.28 | $1.40 | $1.43 | $1.76 | $2.03 | $1.99 | $2.00 | $1.85 | $1.99 | $2.06 | $2.01 | $1.76 |
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Sources: Nebraska Ethanol Board, Lincoln, NE. Nebraska Energy Office, Lincoln, NE. Notes: The price excludes discounts and Superfund. The unleaded gasoline is 87 octane. The numbers in red indicate revised numbers. NA = Not Available. The table was updated on January 6, 2010. Typically, there is one month between updates. Energy Statistics Home | Contact Us | Archive | Conversion Chart | Glossary |