Ethanol futures were trading around $2.2 per gallon, down from their June peak of nearly $2.9, pressured by overall weakness in energy markets amid worries of a demand-sapping global recession. Adding to the bearish mood, in the December WASDE, USDA maintained its forecast for 2022-’23 corn use in ethanol at 5.275 billion bushels, down from an estimated 5.326 billion bushels in the previous period. Meanwhile, US companies took advantage of lower ethanol prices by blending record amounts of the fuel into the gasoline during the summer. According to EIA data, the ethanol blend rate from June through August reached 10.5%, the highest blend rate ever.

Historically, Ethanol reached an all time high of 4.33 in June of 2006. Ethanol - data, forecasts, historical chart - was last updated on January of 2023.

Ethanol is expected to trade at 2.25 USD/GAL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2.42 in 12 months time.

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Ethanol



Price Day Month Year
Crude Oil 79.02 0.970 1.25% 2.46% -8.61%
Brent 85.37 0.990 1.17% 3.96% -4.25%
Natural gas 2.73 0.0525 1.96% -25.03% -40.31%
Gasoline 2.56 0.0587 2.34% 3.05% -0.42%
Heating Oil 3.15 0.0850 2.78% 4.94% 14.77%
Ethanol 2.19 0 0% -3.95% 1.39%
Naphtha 691.56 -0.95 -0.14% 9.62% -10.77%
Propane 0.84 -0.002 -0.18% 8.93% -27.84%
Uranium 50.80 0.3000 0.59% 3.99% 15.45%
Methanol 2,777.00 -13.00 -0.47% 5.59% -3.58%


Ethanol
The ethanol market is growing rapidly, particularly due to the governments mandate for renewable fuels. Ethanol is largely produced through fermenting starch or sugar-based feedstocks. In the United States, corn is the principal raw material; in Brazil, the world's leading ethanol producer, sugar cane is widely used. In the United States, Ethanol Futures are available for Trading in The Chicago Board of Trade (CBOT® ). The market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
2.19 2.19 4.33 0.81 2005 - 2023 USD/GAL Daily