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Gasoline prices fluctuate frequently worldwide because gasoline is a fossil fuel and as such the quantity is limited by its non-renewable nature. Algae fuel, algal biofuel, or algal oil is an alternative to liquid fossil fuels that uses algae as its source of energy-rich oils.
Also, algae fuels are an alternative to commonly known biofuel sources, such as corn and sugarcane. Several companies and government agencies are funding efforts to reduce capital and operating costs and make algae fuel production commercially viable.
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