Are Low Diesel Prices Hurting Biofuels Companies?
With diesel fuel prices hovering at lows not seen in a decade, the smart money might bet against businesses developing products to replace the diesel engines and technology that keep the nation’s trucks on the road.
But entrepreneurs developing new fuels, engines and other green technology insist that they aren’t worried that retail diesel prices hovering near $2 a gallon, a drop of 30 percent in the last year, might hurt their ventures.