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Allegheny Conference Issues Report On Encouraging Natural Gas Vehicles
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With the ready availability of natural gas from the Marcellus Shale, escalating crude oil prices, and improving technology, commercial and public sector fleet operators are considering whether a switch to natural gas-powered vehicles makes sense.
The Allegheny Conference on Community Development has prepared a new report, “Encouraging Natural Gas Vehicles in Pennsylvania,” that analyzes the opportunities and challenges of using natural gas as a transportation fuel.
The report is part of the Conference’s new natural gas vehicle website. A key component of the website is a savings calculator that offers tools to help fleet managers explore whether natural gas vehicles make sense for them.
Key findings of the analysis include:
-- New natural gas supplies from the Marcellus and other shale formations have shattered the traditional relationship between natural gas and oil prices.
-- The price differential is so great that converting to natural gas can pay for itself in particular kinds of fleets.
-- The lack of natural gas fueling infrastructure is the biggest hurdle to overcome.
-- Natural gas vehicles may make sense for some kinds of public fleets but not for others, depending on their operating characteristics.
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4/23/2012 |
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