Abstract: The moisture absorption capacity of biofuels can be more or less 10 times that of fossil diesel oil, causing biofuels to form acids that induce metal corrosion and form deposits in the fuel tank and pipe lines. Methods for removing moisture from stored biofuels and plant oils are described wherein glycerol is used as a solvent to extract the moisture from the bioliquid or oil, comprising the steps of placing the biofuel or oil in fluid contact with glycerol, incubating for a time, and then removing the glycerol. A cellulous ester dialysis or other semi-permeable membrane may be used to prevent the glycerol from contaminating the biofuel while allowing moisture to pass. Crude glycerol produced as a by-product of biodiesel production may be used in the method of the disclosed invention with good result. Preferred embodiments of apparatus that employ the method of the subject invention are described.