LC Biofuels jots a note on biodiesel price increases
Feedstock prices are set, mostly, by the Chicago Board of Trade, the letter says, and because soybean prices have tripled over the past year, the price that LC Biofuels has to sell a gallon of biodiesel for to make money has climbed to about $6.25. Other biodiesel plants have stopped production (see here), but LC Biofuels is going to keep on trying to make fuel for the time being. Prices will be higher, but when costs come down - if costs come down - the pump will reflect the drop.
[Source: Biodiesel Blog]
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