Since the vast majority of car owners in the United States don own a diesel engine vehicle, how does biodiesel production help the average consumer?
Without biodiesel, gas prices would increase $.20 to $.35 per gallon, the U.S. Department of Energy estimates. For a typical household, that means biodiesel helps them save of about $150 to $300 per year. For the U.S. overall, this saves gas expenditures of $28 billion to $49 billion based on annual gasoline consumption of roughly 140 billion gallons. Expanding the biodiesel industry to 650 million gallons by 2015 will displace 242 million barrels of crude oil between 2006 and 2015. This displacement will reduce the outflow of dollars largely to foreign oil producers by $13.6 billion over the 10-year period.
