Crime | cooking oil Restaurants' Used Grease Draws Thieves Once scorned, it's 'become gold'; can be turned into biodiesel By Kevin Spak Posted May 30, 2008 7:40 AM CDT Copied Wesley Caddell, business developer for Blue Sky Bio-Fuels, looks at drums of cooking oils at his plant in Oakland, Calif., Monday, May 19, 2008. (AP Photo/Paul Sakuma) For decades restaurants have thrown away their used cooking grease without a second thought; now, they’re trying to protect it from thieves. Almost anyone can convert the yellow grease into cheap biodiesel using kits sold on the internet, and restaurant oil bins have become go-to destinations for everyone from environmentalists to thieves who siphon tanks in the dead of the night. The grease is now traded on the commodities market, fetching almost $2.50 a gallon; some restaurants are selling it for extra revenue. “Fryer grease has become gold,” said one restaurateur. “And just over a year ago, I had to pay someone to take it away.” But grease thieves say they’re doing nothing wrong; many restaurants store the grease out by the trash, where it’s fair game. Read These Next A "horrific" incident killed 3 deputies in East Los Angeles. Jimmy Kimmel isn't happy to see Stephen Colbert go. Trump says Rupert Murdoch will pay for ignoring his demand. Rare cancer claims a former Super Bowl champ. Report an error