The National Biodiesel Board wants biodiesel to make up about 10 percent of the on-road diesel market by 2022.
After small but steady notches downward in the last several months, the price of diesel shot up this week 9.5 cents to a national average of $4.022 cents.
Following a half-cent drop during the week ended Dec. 31, the national average diesel price for the week ended Monday, Jan. 7, fell another 0.7 cents.
The average price of diesel dropped to $3.923 a gallon for the week ended Dec. 24 — a 2 cent drop from the previous week.
The average price in the U.S. for a gallon of diesel dropped again this week — 4.6 cents to $3.945.
After spending two weeks hovering just above the $4, the national average price for a gallon of diesel dropped to $3.991, falling 3.6 cents during the week ended Dec. 10.
By 2040, use of natural gas in heavy-duty vehicles will have displaced about 700,000 barrels per day of other heavy-duty fuels, like diesel, says the Department of Energy.
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