A new study shows fuel prices would be four percent higher without U.S. biodiesel and renewable diesel production.
Paul Winters with Clean Fuels Alliance America tells Brownfield the two biofuels reduce distillate prices by increasing the supply. “We calculate the current impact at about 22 cents per gallon,” he said. “Given that the national average for diesel fuel prices is about $5.50.”
In addition to benefiting consumers, Winters says biodiesel supports farmers.
