07 Jan 2009Retail gas and diesel fuel prices in 2009 are projected to be .03 and .47 per gallon respectively, reports the Energy Information Administration. Given what fuel prices were last summer, this is good news. The bad news is that these lower prices may cause consumers to forget the pain they experienced every time they went to fuel up last summer.
Even though retail prices are now about half of what they were, they will in all likelihood rise again. Meanwhile, technological advances have continued to help reduce the cost of producing biofuels.
http://blog.farmindustrynews.com/biofuellines/2008/12/31/learning-something-from-high-fuel-prices/
