In Missouri, Clean Fuels Alliance America released a new study, “The Offsetting Impact of Expanded Biomass Based Diesel Production on Diesel Prices,” prepared by World Agricultural Economic and Environmental Services (WAEES). The study shows that U.S. production of biodiesel and renewable diesel consistently reduces distillate fuel prices by increasing the supply. As the production and availability of cleaner, better fuels grew over the last decade, the price impact increased to a 4% benefit in 2020 and 2021.
The WAEES study notes that even small changes in the supply of diesel fuel will result in relatively larger changes in the diesel fuel price.
Category: Fuels
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