How much does biodiesel cost?
That depends on the market price of diesel and vegetable oil. But, in general, 100% biodiesel will be anywhere from around the price of regular petroleum diesel up to 50% higher. However, when all the costs of meeting tougher emissions standards are considered (conversion, construction, insurance, etc.), an emissions management system based on biodiesel may be the least-cost option. Surveys by Booz-Allen & Hamilton Inc., Sparks Companies, Inc., and the University of Georgia have found that a truck or bus fleet using a 20 percent biodiesel/80 percent petroleum diesel blend would experience lower total annual costs than other alternative fuels when including capital requirements. Research into advanced farming practices and more efficient production would further reduce the cost of biodiesel.
