I am of the opinion that there will not be a drastic drop in diesel prices until three things happen:
1) EPA pollution regulations are adjusted to a per mile basis. This will favor the adoption of diesel over gasoline.
2) EPA regulations require engines to support at least a 50/50 blend of bio diesel / diesel. This will favor the use of bio diesel
3) Significant increase in the production of bio-diesel is encouraged by the dept of Agriculture (farmers using bio algae to produce bio diesel). This will increase the supply of bio diesel.
All three require regulatory changes that I am NOT comfortable with as I do not believe that the government should be in the business of choosing who wins and who loses in the economic game.
You are assuming an equal treatment between different fuels. That is not reality. Gasoline is taxed less than diesel, while CNG/LNG receives no excise tax at all.
2) EPA regulations require engines to support at least a 50/50 blend of bio diesel / diesel. This will favor the use of bio diesel
That will raise prices, not lower them, and some biofuel content is already in government regulations.
3) Significant increase in the production of bio-diesel is encouraged by the dept of Agriculture (farmers using bio algae to produce bio diesel). This will increase the supply of bio diesel.
More subsidy by tax payers of selected fuels? NO!!!
The government should not be selecting the winners and looser and they certainly should not be spending tax dollars to do so.
All three require regulatory changes that I am NOT comfortable with as I do not believe that the government should be in the business of choosing who wins and who loses in the economic game.
Ahhh... We agree. Cheers!