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From trash to treasure: Everyday fuels in your garbage can

Image source: Maximilian Stock | Photographer's Choice | Getty Images

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From trash to treasure: Garbage fuels

The average price of regular gasoline in the U.S. is $3.50 per gallon. That's the figure that the U.S. Energy Information Administration provided on Oct. 7, 2013.

Approximately two-thirds of that price is due to the cost of crude oil. If fuel came from a less precious resource, such as sewage or sawdust, motorists would almost certainly see lower prices at the pump.

We're not there yet, but the capability already exists to turn several everyday resources into a component of fuel. Many of these resources may in fact be sitting in your garbage can, in an office recycling bin or in a city landfill at this moment.

Read ahead and see what substances that we take for granted today can be turned into the automotive fuel of tomorrow.

By Daniel Bukszpan
Posted 10 Oct. 2013

Tune in to the new season of "The Car Chasers" on CNBC Prime, premiering Tuesday, Oct. 22, at 10 p.m. ET/PT.

Image source: Maximilian Stock | Photographer's Choice | Getty Images