Alternative jet fuel prices reported

Friday - 5/9/2014, 8:59am EDT

The Government Accountability Office said a recent report that the Department of Defense paid $150 per gallon for alternative jet fuel HEFA (hydroprocessed esters and fatty acids) which is made from algae. That's more than 64 times the current market price for standard carbon-based fuels. The report indicated only a small amount of the fuel was purchased for testing.