GAO report notes exorbitant prices act as de facto subsidy for biofuel firms
The Department of Defense (DOD) paid $150 per gallon for alternative jet fuel made from algae, more than 64 times the current market price for standard carbon-based fuels, according to a report released on Wednesday.
The Government Accountability Office (GAO) noted in its report that a Pentagon official reported paying "about $150 per gallon for 1,500 gallons of alternative jet fuel derived from algal oil."
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