Biodiesel - Availability and Prices

Availability and Prices

For more details on this topic, see Biodiesel around the world.

Global biodiesel production reached 3.8 million tons in 2005. Approximately 85% of biodiesel production came from the European Union.

In 2007, in the United States, average retail (at the pump) prices, including federal and state fuel taxes, of B2/B5 were lower than petroleum diesel by about 12 cents, and B20 blends were the same as petrodiesel. However, as part as a dramatic shift in diesel pricing, by July 2009, the US DOE was reporting average costs of B20 15 cents per gallon higher than petroleum diesel ($2.69/gal vs. $2.54/gal). B99 and B100 generally cost more than petrodiesel except where local governments provide a tax incentive or subsidy.

Read more about this topic:  Biodiesel

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