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Pacific Biodiesel Rolls Back Maui #Biodiesel Prices

Business News/Analysis, Hawai'i, Marketing/Market Forces and Sales, Opinions, Policy
July 6, 2016
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by Joanna Schroeder (Energy.AgWired.com)  Maui drivers using #biodiesel have a reason to celebrate today as city eliminated its 9 cents per gallon on-road biodiesel fuel tax effective July 1, 2016. In response, Maui’s own Pacific Biodiesel rolled back biodiesel prices at the pump 9 cents. The fate of the tax was uncertain when earlier this year the Maui County mayor’s budget actually requested the tax be raised to 11.5 cents per gallon. However, upon discovering that biodiesel sales were minimal when compared to petroleum sales, Maui County Council Vice Chair Don Guzman proposed the tax be eliminated altogether.

Pacific Biodiesel President and Founder Bob King noted that this sends a strong message of support for renewables in Maui and throughout the state where other counties have ongoing tax exemptions for biodiesel. It should be noted that Hawaii has the largest prices for energy of all 50 U.S. states. READ MORE and MORE (Biofuels International)

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