Thursday, July 13, 2006

There are many things happening with biofuel in the Pacific, now that the oil price has gone up significantly. As customers on the receiving end of the supply chain of fuel products, it is the Pacific islands with their relatively small volumes of fossil fuel products that feel the price increases the most.

Even though the price levels in the Pacific are not as high as most European fuel prices, caused by lower taxation in the Pacific, the people feel fuel price increases through everything as the cost of producing power goes up, just as driving, boating, flying, imported goods.

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