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Record low natgas prices may help ease gasoline prices... down the road

GasBuddy Blog -- Record low natural gas prices have been all the talk lately. With natgas under $2/MMBtu after dropping from as high as $14/MMBtu a few years ago, all the talk is on car companies looking to build natgas powered cars.

Many car manufacturers already have limited CNG options available, with more lining up, promising to develop cars that can burn either gasoline or CNG. With gasoline prices soaring and natgas prices at the lowest they've been in decades, what's going to happen?

The thinking is that natgas development continues to boom, even with bargain basement prices. Indeed, natgas companies said they continue to profit when prices are above $1.50, due to new technology and development of natgas shale. There's huge promise...


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Submitted Apr 12, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Record low natgas prices may help ease gasoline prices... down the road Back to Topics
REPLIES (newest first) Post a Reply
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naidu72
Sophomore Author California

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Message Posted: Apr 23, 2012 8:37:56 AM

natural gas is the way to go
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danny1460
Sophomore Author Atlanta

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Message Posted: Apr 20, 2012 2:02:44 PM

In africa they trying to run propane until the tax's catch up..To fact its not being used to cook with!
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danny1460
Sophomore Author Atlanta

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Message Posted: Apr 20, 2012 2:01:26 PM

All city bus's are required to run Nat gas now. Even tho they have issues filling the tank completely depending on weather temp!
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Gas4Gore
Champion Author Detroit

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Message Posted: Apr 19, 2012 3:56:04 PM

Hope so.
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LittleDave
Champion Author Texas

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Message Posted: Apr 19, 2012 1:31:55 PM

The problem, in part, is the regulations and associated cost of certifying the conversion of existing vehicles to run on NG.

I had (way back when ---> 40+ years) VW that I had converted (gas was cheap NG was cheaper not to mention I had a source that was free so to a poor engineering student the logic was great)

No problem as I collected a bunch of military surplus and did the deal in a long weekend.

Now comes today -- that should be no problem for a stepper. I could find no more military surplus so had to buy the hardware. Still not too bad as I could DIY for around $1500.00 The ROI at todays prices is < 9 months.

Opps I looked into the requirements for a CNG station at the house. Hardware cost was ok around $1200.00 DIY install is a good weekend to do it so it would pass the wife certification test.

Then I checked on the local zoning. I found I could install the station with a permit inspection and other requirement cost to run me another $5K which did not include the cost of an insurance rider on my homeowners insurance. Not cheap.

The kicker I can install the exact same equipment to supply an emergency electrical generator for around $100 (total) in permitting and inspection fees (there is no mention of insurance and my insurance agent checked and there is no requirement of a rider)

Need I mention that NG burns cleaner than any other fuel short of H2 yet to satisfy the government I need to spend big bucks for certification testing that I'm not screwing up the EPA ratings of the engine.
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1006
Champion Author Birmingham

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Message Posted: Apr 19, 2012 3:45:49 AM

I gotcha this will be a breeze
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honda0105
Champion Author Tallahassee

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Message Posted: Apr 16, 2012 2:52:05 AM

carranco: that's great. Hopefully fleet vehicles will move to NG soon as it would reduce tranportation costs and with it, the cost of living.
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carranco
Champion Author Georgia

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Message Posted: Apr 15, 2012 2:14:32 PM

Georgia is already underway with planning nat gas fueling stations for interstates.
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dave27johnson
Champion Author Chicago

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Message Posted: Apr 15, 2012 9:32:38 AM

Sell more dual powered vehicles. Options lead to competition.
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albert2008
Champion Author Winnipeg

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Message Posted: Apr 15, 2012 6:18:25 AM

time will tell
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honda0105
Champion Author Tallahassee

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Message Posted: Apr 15, 2012 4:49:38 AM

gonna take a long time to get there.
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cleangasprices
Veteran Author Vancouver

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Message Posted: Apr 15, 2012 1:46:37 AM

Where is government role?
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treefarmer
Rookie Author South Carolina

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Message Posted: Apr 14, 2012 10:19:10 PM

a possibility, but a long way off to lower gas prices!
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roadrunnin
Champion Author Richmond

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Message Posted: Apr 14, 2012 8:21:52 PM

hopefully someone can make use of this surplus.
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kiosk12y
Champion Author Tulsa

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Message Posted: Apr 14, 2012 6:43:01 PM

ok
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Reishman
Veteran Author Illinois

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Message Posted: Apr 14, 2012 5:54:24 PM

Earth movements limit diet plans.
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robaloma
Champion Author Houston

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Message Posted: Apr 14, 2012 2:42:32 PM

ok
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LocalSpyGuy
Champion Author Tampa

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Message Posted: Apr 14, 2012 12:45:47 PM

Still not enough infrastructure.
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HailstormCA
Champion Author San Diego

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Message Posted: Apr 14, 2012 8:48:16 AM

I want help --- NOW!
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smokinjoe54
Champion Author Ohio

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Message Posted: Apr 14, 2012 6:42:51 AM

I hope so.
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zaq001
Champion Author Atlanta

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Message Posted: Apr 14, 2012 6:40:35 AM

good.
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flahusky
All-Star Author Florida

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Message Posted: Apr 14, 2012 6:36:45 AM

still news?
Not to worry, the gov't and EPA will tax and regulate it into oblivion.
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ARCO
Champion Author Pittsburgh

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Message Posted: Apr 14, 2012 6:28:08 AM

THIS IS OLD OLD
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roadrunnin
Champion Author Richmond

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Message Posted: Apr 14, 2012 6:15:09 AM

Problem is with falling prices there is low incentive for gas companies to continue production at current levels, so just as we start to get infrastructure to use our surplus the supply will be dwindling.
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techque
Champion Author St. Louis

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Message Posted: Apr 14, 2012 6:08:53 AM

Want to drive a natural gas powered car now? Charge a plug in hybrid from a utility that generates electricity with natural gas.
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Yonkers111
Champion Author Scranton

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Message Posted: Apr 14, 2012 6:05:07 AM

CNG works for urban fleets and possibly urban individuals. Not so good if you drive around the country.
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INBwana
Champion Author Indiana

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Message Posted: Apr 14, 2012 6:04:42 AM


This is the third day this was posted here. GasBuddy must think there is no new news.
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yelobus
Champion Author Houston

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Message Posted: Apr 14, 2012 6:04:09 AM

Yesterday's news.
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40mpgsaturn
Champion Author Wisconsin

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Message Posted: Apr 14, 2012 6:04:01 AM

Natural gas is a deal right now,next year?
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rtw777
Champion Author Florida

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Message Posted: Apr 14, 2012 6:03:49 AM

Heard about this somewhere else.
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Bullseye520
Champion Author Louisville

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Message Posted: Apr 14, 2012 6:02:01 AM

Repeat.
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Ready Eddie
Champion Author Twin Cities

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Message Posted: Apr 14, 2012 6:01:52 AM

Prove it.
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jalan25
Champion Author Indianapolis

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Message Posted: Apr 14, 2012 6:01:33 AM

3rd time I've seen this one
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us30ride
Champion Author Fort Wayne

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Message Posted: Apr 14, 2012 5:59:55 AM

Get'r done
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Boo1989
Champion Author Atlanta

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Message Posted: Apr 14, 2012 5:59:39 AM

"Somehow we have to figure out how to boost the price of gasoline to the levels in Europe." steven chu, obama's energy secretary.
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cookined
Champion Author Maine

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Message Posted: Apr 14, 2012 5:59:03 AM

Down the road my ass.
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albert2008
Champion Author Winnipeg

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Message Posted: Apr 14, 2012 5:58:52 AM

thats good
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cableman31
Champion Author New York

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Message Posted: Apr 14, 2012 5:56:41 AM

Putting a CNG refueling infrastructure in place nationwide there would be plenty of CNG vehicles on the road, and the price of the vehicles would drop. There is an old saying:"BUILD IT AND THEY WILL COME".
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Drill4Petro
Champion Author Illinois

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Message Posted: Apr 14, 2012 5:55:35 AM

Need to find more uses for natgas.
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photobuddy
Champion Author Washington

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Message Posted: Apr 14, 2012 5:55:05 AM

would love to see more of them on the road.
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tribill
Champion Author Twin Cities

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Message Posted: Apr 14, 2012 5:55:01 AM

Whatever.....
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Asbury09
Champion Author Iowa

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Message Posted: Apr 14, 2012 5:54:40 AM

where are the replys from when this ran the other day
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2khawk
Champion Author Iowa

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Message Posted: Apr 14, 2012 5:54:13 AM

Many companies have switched from diesel to CNG for their truck fleets.
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Bigtex09
Champion Author Dallas

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Message Posted: Apr 14, 2012 5:52:22 AM

convert cars to natural gas. you can purchase it today for yes.. $1.70gal
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GasholeMI
Champion Author Lansing

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Message Posted: Apr 14, 2012 5:51:14 AM

Guess which direction natgas will go if the car companies start building cars for CNG--UP.
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Bus936
Champion Author Lexington

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Message Posted: Apr 14, 2012 5:48:32 AM

A lot of stations need to be built for this product plus a lot of vehicles need a conversion kit on them, but at what cost?
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snarkysmarko
Champion Author Baltimore

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Message Posted: Apr 14, 2012 5:47:58 AM

if only
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gabbygusIN
Champion Author Indiana

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Message Posted: Apr 14, 2012 5:45:35 AM

Clarksville IN has a CNG station at US31 and HWY 60 called Clean Energy!
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belladog
Champion Author Mobile

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Message Posted: Apr 14, 2012 5:44:33 AM

there must be an echo in here
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HelenT
Champion Author Buffalo

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Message Posted: Apr 14, 2012 5:44:23 AM

old news
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