Mitch Haley wrote:
You seem to think that the price of bio stays constant while the price of dino goes up. Three years ago, bio was $1.70 while dino was $1.40, both fully taxed. One might have thought demand for bio would go through the roof when dino hit $2.50, but it's not happening.
Because biodiesel and petrodiesel are more or less fungible, I doubt the price of biodiesel will ever fall below that of petrodiesel. It's like anything else -- it will sell for as much as the market will bear.
