Let me answer that question with another question. Just how high will gas prices get this year? Predictions vary wildly, but some analyst have predicted a 4.00 per gallon price by this spring, and as high as 6.50 this summer. Its hard to imagine prices can climb that high. But the higher the price of conventional gasoline the more viable alternatives become, alternatives such as ethanol, and of course diesel.
How much biodiesel is produced in the USA?
a surprisingly large amount
2009 500 Million Gallons
2010 650 Million Gallons
2011 800 Million Gallons
2012 1 Billion Gallons est*
How much diesel is consumed by the usa?
50 billion gallons annually.
As many economist have noted, price is driven by a number of factors not the least of which is the number
of acceptable substitutes. Biodiesel as a growing part of the United States Fuel mix will drive down the price
of diesel. I believe diesel cars are approximately on par in terms of true cost of ownership at present.
And the future of these vehicle is tied to the biodiesel market!