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Producers of biodiesel can claim a tax credit of $1.00 per gallon. As of this bill, the $1.00 credit applied to new agricultural-based biodiesel. A credit of 50 cents per gallon was applied to used feedstocks, such as fryer grease. Expired December 31, 2009. [8] Second, section 1345 establishes the Small Agri-Biodiesel Producer Credit.
Through this act, biodiesel production guaranteed a tax credit of US$1 per gallon produced from virgin oils, and $0.50 per gallon made from recycled oils. [119] Currently soybean oil is being used to produce soybean biodiesel for many commercial purposes such as blending fuel for transportation sectors. [6]
In the USA, diesel costs about 0,6 $ per liter [14] and the cheapest SVO costs about the same, with more expensive oils costing more than that (up to $7 per gallon). [15] The availability of biodiesel around the World is increasing.
In 2006, Fuel Bio Opened the largest biodiesel manufacturing plant on the east coast of the United States in Elizabeth, New Jersey. Fuel Bio's operation is capable of producing a name plate capacity of 50 million US gallons per year (190 × 10 ^ 3 m 3 /a) of biodiesel. [8] In 2008, ASTM published new Biodiesel Blend Specifications. [9]
In spite of this, he was optimistic about the future of the program, claiming "it will be back.". In 2009, ethanol was priced at 2 to 3 dollars per gallon, while methanol made from natural gas remains at 47 cents per gallon. Presently there are over 60 operating gas stations in California supplying methanol in their pumps. [citation needed]
The current national gas price average is $3.62 per gallon. The average cost of gas has decreased 15% in the last two years, from when it was $4.27 per gallon.
The average gas price in Fort Worth has fallen 19 cents in the last week, hovering around $2.91 a gallon. Gas prices in Tarrant County are 47.5 cents per gallon lower than a month ago and 38.6 ...
In the United States, biodiesel blends of B5 (5% biodiesel) and B20 (20% biodiesel) are available in most markets as a lower CO 2 and cleaner burning heating fuel. The heating oil futures contract trades in units of 1,000 barrels (160 m 3) with a minimum fluctuation of $0.0001 per gallon and (for the USA) is based on delivery in New York Harbor ...