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Are new rules mandated by the federal government to increase biofuels production causing food prices to rise? The leading factor to higher food costs is the rising cost of crude oil, which over a four-year period, more than tripled from 40 a barrel to nearly 150 in July of 2008. Food often travels through multiple states, making it highly susceptible to fuel costs. U.S. biodiesel has a very small impact on food costs. In the past year, food prices have risen 5.1 percent. Only an estimated 0.2 – 0.6 percent of that total increase has been contributed to biofuel production according to the U.S. Department of Agriculture (USDA).Since the majority of car owners in the United States don’t own a diesel engine vehicle, how does biodiesel production help the average consumer? The US Department of Energy estimates that without biodiesel as a resource gas prices would increase .20 to .35 per gallon. For a typical household, that means biodiesel helps them save of about 150 to 300 per year. For the U.S. overall, this saves gas expenditures of Read the rest of this entry »