Report: Pentagon Paid $150 Per Gallon for Green Jet Fuel -- Washington Free Beacon
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.”
GAO’s report examined the financial challenges facing increased purchases and use of alternative jet fuels by federal agencies. “Currently, the price for alternative jet fuels exceeds that of conventional jet fuel,” the report noted.
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My Comment: Another boondoggle Pentagon program that is (literally) burning money.