(Ames, IA) — The price of ethanol has more than doubled this year in Iowa. A gallon of ethanol was selling for a dollar-39 in January and is more than three dollars this month. Iowa State University economics professor Dermot Hayes says ethanol prices dropped significantly last year as energy consumption fell due to the pandemic. But he says almost as many people are driving as before and energy prices are high, making ethanol more valuable. Ethanol plants made record profits in 2014 and 2021 could go down the second most profitable year. The USDA estimates ethanol plants will use more than five billion bushels of corn to produce ethanol this year.
Iowa Ethanol Prices Soar in 2021
By Mandy Billings
Nov 23, 2021 | 3:51 PM
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