An Increase in Affordability

Biodiesel producer drops its price
By Erin Voegele | October 25, 2011

Arizona-based REV Biodiesel LLC recently announced across-the-board price reductions for its B99. The reductions average 20 cents per gallon and increase with volume. After the Arizona Use Fuel Refund for the “light class” biodiesel used in noncommercial vehicles, the bulk price of the fuel can drop as low as $2.99 per gallon. According to REV Biodiesel, the price reduction became effective Sept. 9 and will continue indefinitely.

The price reduction means that the per-gallon price of biodiesel can be approximately 80 cents less than petroleum diesel. REV notes that as of Sept. 9, the average per-gallon price of diesel in Arizona was $3.79.

“With increased volume and economies of scale, we have been able to bring down the cost of producing our biodiesel fuel,” says REV Biodiesel President Dan Rees. “We think that passing this savings per gallon on to users is the best way to get more clean biodiesel into the mainstream market.”

According to Rees, the ability of biodiesel producers, including his company, to be able to continue supplying affordably priced biodiesel will depend in large part on the renewal of the $1 biodiesel tax credit, which is currently set to expire at the end of the year. 

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