Ethanol and Unleaded Gasoline Average Rack Prices

As of October 2008, the rack price of ethanol was $2.51 versus $2.02 for unleaded gasoline--a difference of 49 cents per gallon.  The ethanol rack price was 17 cents lower compared to last month's price but 72 cents higher than a year ago.  Unleaded gasoline's average rack price took a huge drop of 92 cents from last month's price and reached 22 cents lower than a year ago.  This is the fourth consecutive month that the price of unleaded gasoline has decreased.  The main factor contributing to the decline is the decreasing price of crude oil.

Source:  Nebraska Energy Office, Lincoln, NE.

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