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| Saturday, November 11, 2006

Is it Time for Biodiesel Yet? - Diesel Prices

I was taking a look at Diesel Prices today, spread out over the last four years and began wondering if it might be time for biodiesel to start making some head way in the U.S. trucking industry. In the last 4 years, the price for diesel at the pumps has doubled. Are we looking at paying $5.00 a gallon or more for diesel at the pumps in 2010. These prices seem to indicate that we could be close to peak oil. The closer we are to peak oil, the higher the prices all of us will be facing at the gas pumps. Who will deliver our groceries to the grocery store when trucking companies can no longer afford the diesel prices and those companies are all filing bankruptcy. Will there be some sort of bail out? Biodiesel studies are already under way in the trucking industry. Let's hope the studies will shed some light on the feasibility of using biodiesel so we're not paying $10.00 for a loaf of bread in the near future.

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Organic Gardening