Several St. Louis area gas stations are selling high-ethanol gasoline for $0.85 a gallon. That’s eighty-five cents a gallon. How can they sell this alternative to Saudi Arabian oil so cheaply? According to the AP Ethanol prices have declined sharply in recent months, largely because of the rapid growth in supply and few new markets. Shaw maintains that refiners are ignoring ethanol and keeping the additive out of some markets where it is readily available. The wholesale price of a gallon of ethanol is now about $1.20, compared with $1.75 in January, according to the National Corn Growers' Association.