Diesel prices remain high - biodiesel may help
3 November 2005An article today notes that after the gulf hurricanes, diesel prices jumped and stayed high even as gasoline prices fell. Demand for diesel is less elastic than gasoline since a high proportion of diesel use is for business and agricultural vehicles. This is a high demand season and there is no extra diesel reserve or capacity with some production facilities offline. Prices are expected to remain high throughout the fall.
This is another great reason to consider biodiesel if you have a diesel engine. The cost of producing your own biodiesel fuel can be $1 dollar or less per gallon. Right now, that’s one heckuva deal.
Posted in Biodiesel, Biodiesel Production
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