# Ethanol and Unleaded Gasoline Average Rack Prices

As of March 2024, the rack price of ethanol was \$1.63 versus \$2.72 for unleaded 87–octane gasoline—a difference of \$1.09 per gallon. The average ethanol rack price was five cents higher from last month's price but was 68 cents lower from last year. Unleaded 87–octane gasoline's average rack price was 26 cents higher than last month's price but was two cents lower from last year. Unleaded 84–octane gasoline's average rack price was 28 cents higher from last month's price but was equal to the price last year.

In Figure 1, the average annual rack prices for each type of fuel are shown.

In Table 1 and Table 2 below, average ethanol and unleaded 87–octane gasoline rack prices per gallon, F.O.B. Omaha, are given for each month with an average annual rack price for each year from 1982 to the present.

In Table 3, average unleaded 84–octane gasoline rack prices per gallon, F.O.B. Omaha, are given for each month with an average annual rack price for each year from 2015 to the present.

Note: A new reporting method for fuel ethanol prices to include the RIN started in April 2021. January through March 2021 have also been revised using the new method so that the whole year will be consistent.

A general rule of thumb: An increase or decrease in the gasoline rack price is a clear indication of the direction of the gasoline price at the pump.

## Fuel Ethanol Average Rack Prices F.O.B. Omaha, Nebraska, 1982 – 2024Table 1 of 3

### (Price per Gallon)

Fuel Ethanol 1
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
Average
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
Average
Fuel Ethanol 1
2024 1 \$1.66 \$1.58 \$1.63 NA NA NA NA NA NA NA NA NA NA
2023 1 \$2.36 \$2.29 \$2.31 \$2.48 \$2.54 \$2.62 \$2.62 \$2.33 \$2.44 \$2.38 \$2.02 \$1.82 \$2.35
2022 1 \$2.22 \$2.17 \$2.49 \$2.64 \$2.82 \$2.91 \$2.80 \$2.72 \$2.77 \$2.70 \$2.73 \$2.39 \$2.61
2021 1 \$1.55 \$1.73 \$1.87 \$2.15 \$2.62 \$2.53 \$2.37 \$2.35 \$2.52 \$2.62 \$3.42 \$3.11 \$2.40
2020 \$1.15 \$1.03 \$0.84 \$0.59 \$0.75 \$0.85 \$0.91 \$0.87 \$0.95 \$0.94 \$0.78 \$0.60 \$0.86
2019 \$1.09 \$1.12 \$1.18 \$1.17 \$1.21 \$1.36 \$1.31 \$1.30 \$1.22 \$1.39 \$1.44 \$1.32 \$1.26
2018 \$1.00 \$1.11 \$1.25 \$1.31 \$1.34 \$1.40 \$1.41 \$1.31 \$1.20 \$1.21 \$1.19 \$1.08 \$1.23
2017 \$1.52 \$1.51 \$1.55 \$1.64 \$1.62 \$1.60 \$1.62 \$1.64 \$1.55 \$1.19 \$0.98 \$0.95 \$1.45
2016 \$1.43 \$1.46 \$1.42 \$1.54 \$1.60 \$1.69 \$1.64 \$1.43 \$1.51 \$1.58 \$1.64 \$1.70 \$1.55
2015 \$1.60 \$1.50 \$1.53 \$1.66 \$1.71 \$1.62 \$1.67 \$1.62 \$1.61 \$1.65 \$1.57 \$1.52 \$1.61
2014 \$2.10 \$2.02 \$2.70 \$3.15 \$2.44 \$2.33 \$2.26 \$2.24 \$2.19 \$1.92 \$2.38 \$2.40 \$2.34
2013 \$2.32 \$2.45 \$2.54 \$2.55 \$2.65 \$2.67 \$2.58 \$2.45 \$2.58 \$2.16 \$2.19 \$2.44 \$2.47
2012 \$2.21 \$2.20 \$2.29 \$2.27 \$2.22 \$2.13 \$2.55 \$2.72 \$2.52 \$2.48 \$2.43 \$2.40 \$2.37
2011 \$2.39 \$2.44 \$2.58 \$2.72 \$2.72 \$2.76 \$2.90 \$2.94 \$2.88 \$2.72 \$2.88 \$2.49 \$2.70
2010 \$1.95 \$1.83 \$1.70 \$1.60 \$1.68 \$1.64 \$1.62 \$1.86 \$2.18 \$2.33 \$2.47 \$2.27 \$1.93
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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

## Unleaded Gasoline (87 Octane) Average Rack Prices F.O.B. Omaha, Nebraska, 1982 – 2024Table 2 of 3

### (Price per Gallon)

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
Average
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
Average
2024 \$2.23 \$2.46 \$2.72 NA NA NA NA NA NA NA NA NA NA
2023 \$2.77 \$2.71 \$2.74 \$2.98 \$2.85 \$2.84 \$2.95 \$3.15 \$3.24 \$2.72 \$2.41 \$2.23 \$2.80
2022 \$2.55 \$2.79 \$3.28 \$3.30 \$3.73 \$4.31 \$3.57 \$3.05 \$3.13 \$3.15 \$2.76 \$2.36 \$3.17
2021 \$1.63 \$1.92 \$2.20 \$2.17 \$2.24 \$2.30 \$2.43 \$2.39 \$2.33 \$2.51 \$2.39 \$2.20 \$2.23
2020 \$1.83 \$1.78 \$1.14 \$0.63 \$1.06 \$1.30 \$1.36 \$1.37 \$1.34 \$1.27 \$1.26 \$1.44 \$1.32
2019 \$1.51 \$1.72 \$2.04 \$2.25 \$2.20 \$1.93 \$2.11 \$1.91 \$1.99 \$1.91 \$1.89 \$1.82 \$1.94
2018 \$2.08 \$2.05 \$2.06 \$2.16 \$2.31 \$2.21 2.26 \$2.25 \$2.31 \$2.22 \$1.83 \$1.54 \$2.11
2017 \$1.76 \$1.74 \$1.76 \$1.82 \$1.75 \$1.64 \$1.71 \$1.82 \$1.95 \$1.95 \$1.99 \$1.84 \$1.81
2016 \$1.15 \$1.02 \$1.46 \$1.57 \$1.74 \$1.82 \$1.60 \$1.73 \$1.75 \$1.71 \$1.55 \$1.67 \$1.56
2015 \$1.43 \$1.76 \$1.93 \$1.89 \$2.08 \$2.28 \$2.28 \$2.19 \$1.86 \$1.91 \$1.52 \$1.38 \$1.88
2014 \$2.74 \$2.82 \$2.95 \$2.94 \$2.88 \$2.97 \$2.79 \$2.75 \$2.68 \$2.46 \$2.22 \$1.73 \$2.66
2013 \$2.65 \$3.14 \$3.05 \$2.89 \$3.23 \$2.90 \$2.99 \$3.02 \$2.92 \$2.79 \$2.61 \$2.59 \$2.90
2012 \$2.69 \$2.98 \$3.27 \$3.16 \$2.95 \$2.84 \$2.87 \$3.11 \$3.31 \$2.93 \$2.69 \$2.59 \$2.95
2011 \$2.56 \$2.66 \$2.99 \$3.27 \$3.27 \$2.97 \$3.09 \$2.97 \$2.90 \$2.83 \$2.69 \$2.60 \$2.90
2010 \$2.11 \$2.03 \$2.24 \$2.31 \$2.15 \$2.11 \$2.12 \$2.09 \$2.11 \$2.19 \$2.21 \$2.41 \$2.17
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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

## Unleaded Gasoline (84 Octane) Average Rack Prices F.O.B. Omaha, Nebraska, 2015 – 2024Table 3 of 3

### (Price per Gallon)

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
Average
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
Average
2024 \$2.00 \$2.26 \$2.54 NA NA NA NA NA NA NA NA NA NA
2023 \$2.59 \$2.54 \$2.54 \$2.71 \$2.57 \$2.58 \$2.71 \$2.90 \$2.97 \$2.45 \$2.22 \$2.04 \$2.57
2022 \$2.47 \$2.69 \$3.16 \$3.14 \$3.56 \$4.06 \$3.35 \$2.84 \$2.90 \$2.85 \$2.52 \$2.17 \$2.98
2021 \$1.57 \$1.84 \$2.09 \$2.07 \$2.14 \$2.21 \$2.29 \$2.27 \$2.23 \$2.41 \$2.29 \$2.14 \$2.13
2020 \$1.70 \$1.62 \$0.91 \$0.50 \$0.96 \$1.21 \$1.27 \$1.29 \$1.27 \$1.21 \$1.21 \$1.40 \$1.21
2019 \$1.40 \$1.61 \$1.91 \$2.09 \$2.05 \$1.78 \$1.90 \$1.73 \$1.78 \$1.76 \$1.75 \$1.71 \$1.79
2018 \$1.95 \$1.92 \$1.93 \$2.03 \$2.19 \$2.10 \$2.14 \$2.12 \$2.20 \$2.10 \$1.68 \$1.44 \$1.98
2017 \$1.67 \$1.64 \$1.60 \$1.66 \$1.59 \$1.49 \$1.58 \$1.69 \$1.81 \$1.80 \$1.87 \$1.75 \$1.68
2016 \$1.05 \$0.95 \$1.33 \$1.38 \$1.54 \$1.57 \$1.43 \$1.55 \$1.50 \$1.51 \$1.36 \$1.59 \$1.40
2015 \$1.32 \$1.69 \$1.82 \$1.78 \$1.97 \$2.03 \$1.97 \$1.77 \$1.57 \$1.63 \$1.38 \$1.25 \$1.68