>> Switch to Mobile Version <<
 |
Show the world you're a member
of this great
online community.
 |
Join the ChevyTalk Mailing List
Check us out on the following
Social Networks
    
|
|
mwright1
Senior Member
Posts: 637
Loc: Naperville, IL
Reg: 04-05-04
|
04-18-12 07:50 AM - Post#2216475
Thought this was interesting.
CNG Option Priced at $11,000
| If it ain't broke open it up and make it better
03 Silverado 5.3 Z71 |
|
|
 Rick_L
Honored Member
Posts: 24809
Loc: Katy, Tx, USA
Reg: 07-06-00
|
04-18-12 08:44 AM - Post#2216488
In response to mwright1
If you think that natural gas prices will remain low, and you were going to buy a vehicle like that anyway, the $11,000 might be worth it.
|
 someotherguy
Moderator
Posts: 23555
Age: 43
Loc: Texas
Reg: 08-01-03
|
04-18-12 04:53 PM - Post#2216642
In response to Rick_L
And that's it right there; if even 10% of vehicles on the road that are currently gasoline were replaced with CNG powered vehicles...what do you think the price of CNG would do? 
Richard
|
Rick_L
Honored Member
Posts: 24809
Loc: Katy, Tx, USA
Reg: 07-06-00
|
04-18-12 07:55 PM - Post#2216727
In response to someotherguy
The real problem is distribution. There are few to none CNG refueling stations for consumers.
Right now this deal only makes sense for local fleets that would spend the money for the tanks, pumps and the rest of the refueling hardware needed. City and county governments, post office, local delivery services, etc.
The boom on natural gas since 2008 with the fracking technology cut the price of natural gas in half, but it took 4 years. So today the number of rigs drilling for gas is finally dropping. If there were new ways to use natural gas for fuel, that would increase demand and price. But it would also encourage more drilling and more supply. My thought is that we'd still be better off with natural gas, and the economics probably get better as the years go by. But the crystal ball is cloudy on how that all works out. My guess ok over the long term, but I don't know.
|
|
|
|
|
Report Post
Quote Post
Quick Reply
|
|
Print Topic
Email Topic
575 Views
|
|
|
|
|
Gain extra benefits by becoming a Supporting Member 
ThomasG
