GasBuddy Blog

GasBuddy News Article

votes

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...

Read the Full Article

Submitted Apr 12, 2012 By: PD

Back To News

Category: GasBuddy Official Blog > Topics	Add to favorite topics Post New Topic

Author	Topic: Record low natgas prices may help ease gasoline prices... down the road	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

naidu72 Sophomore Author California Posts:177 Points:11,145 Joined:Apr 2012	Message Posted: Apr 23, 2012 10:37:56 AM Ignore naidu72 Report Abuse natural gas is the way to go
danny1460 Rookie Author Atlanta Posts:84 Points:302,805 Joined:May 2007	Message Posted: Apr 20, 2012 4:02:44 PM Ignore danny1460 Report Abuse In africa they trying to run propane until the tax's catch up..To fact its not being used to cook with!
danny1460 Rookie Author Atlanta Posts:84 Points:302,805 Joined:May 2007	Message Posted: Apr 20, 2012 4:01:26 PM Ignore danny1460 Report Abuse All city bus's are required to run Nat gas now. Even tho they have issues filling the tank completely depending on weather temp!
Gas4Gore Champion Author Detroit Posts:2,421 Points:423,875 Joined:Jan 2010	Message Posted: Apr 19, 2012 5:56:04 PM Ignore Gas4Gore Report Abuse Hope so.
LittleDave Champion Author Texas Posts:6,105 Points:1,350,065 Joined:Dec 2004	Message Posted: Apr 19, 2012 3:31:55 PM Ignore LittleDave Report Abuse 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.
1006 Champion Author Birmingham Posts:1,105 Points:1,354,440 Joined:Apr 2008	Message Posted: Apr 19, 2012 5:45:49 AM Ignore 1006 Report Abuse I gotcha this will be a breeze
honda0105 Champion Author Tallahassee Posts:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: Apr 16, 2012 4:52:05 AM Ignore honda0105 Report Abuse 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.
carranco Champion Author Georgia Posts:1,027 Points:269,015 Joined:Dec 2008	Message Posted: Apr 15, 2012 4:14:32 PM Ignore carranco Report Abuse Georgia is already underway with planning nat gas fueling stations for interstates.
dave27johnson Champion Author Chicago Posts:1,787 Points:408,325 Joined:Feb 2012	Message Posted: Apr 15, 2012 11:32:38 AM Ignore dave27johnson Report Abuse Sell more dual powered vehicles. Options lead to competition.
albert2008 Champion Author Winnipeg Posts:7,352 Points:1,481,010 Joined:Sep 2008	Message Posted: Apr 15, 2012 8:18:25 AM Ignore albert2008 Report Abuse time will tell
honda0105 Champion Author Tallahassee Posts:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: Apr 15, 2012 6:49:38 AM Ignore honda0105 Report Abuse gonna take a long time to get there.
cleangasprices Veteran Author Vancouver Posts:315 Points:72,515 Joined:May 2011	Message Posted: Apr 15, 2012 3:46:37 AM Ignore cleangasprices Report Abuse Where is government role?
treefarmer Rookie Author South Carolina Posts:24 Points:10,180 Joined:Feb 2006	Message Posted: Apr 15, 2012 12:19:10 AM Ignore treefarmer Report Abuse a possibility, but a long way off to lower gas prices!
roadrunnin Champion Author Richmond Posts:1,754 Points:565,135 Joined:May 2008	Message Posted: Apr 14, 2012 10:21:52 PM Ignore roadrunnin Report Abuse hopefully someone can make use of this surplus.
kiosk12y Champion Author Tulsa Posts:3,618 Points:681,290 Joined:Mar 2011	Message Posted: Apr 14, 2012 8:43:01 PM Ignore kiosk12y Report Abuse ok
Reishman Veteran Author Illinois Posts:384 Points:516,615 Joined:Sep 2006	Message Posted: Apr 14, 2012 7:54:24 PM Ignore Reishman Report Abuse Earth movements limit diet plans.
robaloma Champion Author Houston Posts:2,596 Points:691,400 Joined:Feb 2011	Message Posted: Apr 14, 2012 4:42:32 PM Ignore robaloma Report Abuse ok
LocalSpyGuy Champion Author Tampa Posts:7,800 Points:1,585,175 Joined:Nov 2008	Message Posted: Apr 14, 2012 2:45:47 PM Ignore LocalSpyGuy Report Abuse Still not enough infrastructure.
HailstormCA Champion Author San Diego Posts:7,850 Points:1,471,045 Joined:Nov 2008	Message Posted: Apr 14, 2012 10:48:16 AM Ignore HailstormCA Report Abuse I want help --- NOW!
smokinjoe54 Champion Author Ohio Posts:4,718 Points:912,535 Joined:Feb 2010	Message Posted: Apr 14, 2012 8:42:51 AM Ignore smokinjoe54 Report Abuse I hope so.
zaq001 Champion Author Atlanta Posts:3,980 Points:1,473,075 Joined:Oct 2008	Message Posted: Apr 14, 2012 8:40:35 AM Ignore zaq001 Report Abuse good.
flahusky All-Star Author Florida Posts:733 Points:154,590 Joined:Feb 2011	Message Posted: Apr 14, 2012 8:36:45 AM Ignore flahusky Report Abuse still news? Not to worry, the gov't and EPA will tax and regulate it into oblivion.
ARCO Champion Author Pittsburgh Posts:2,348 Points:2,377,370 Joined:Sep 2005	Message Posted: Apr 14, 2012 8:28:08 AM Ignore ARCO Report Abuse THIS IS OLD OLD
roadrunnin Champion Author Richmond Posts:1,754 Points:565,135 Joined:May 2008	Message Posted: Apr 14, 2012 8:15:09 AM Ignore roadrunnin Report Abuse 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.
techque Champion Author St. Louis Posts:8,655 Points:2,420,380 Joined:Apr 2005	Message Posted: Apr 14, 2012 8:08:53 AM Ignore techque Report Abuse Want to drive a natural gas powered car now? Charge a plug in hybrid from a utility that generates electricity with natural gas.
Yonkers111 Champion Author Scranton Posts:8,331 Points:857,085 Joined:Apr 2007	Message Posted: Apr 14, 2012 8:05:07 AM Ignore Yonkers111 Report Abuse CNG works for urban fleets and possibly urban individuals. Not so good if you drive around the country.
INBwana Champion Author Indiana Posts:5,457 Points:695,985 Joined:Apr 2011	Message Posted: Apr 14, 2012 8:04:42 AM Ignore INBwana Report Abuse This is the third day this was posted here. GasBuddy must think there is no new news.
yelobus Champion Author Houston Posts:5,599 Points:1,556,840 Joined:Aug 2006	Message Posted: Apr 14, 2012 8:04:09 AM Ignore yelobus Report Abuse Yesterday's news.
40mpgsaturn Champion Author Wisconsin Posts:2,495 Points:521,405 Joined:Jun 2011	Message Posted: Apr 14, 2012 8:04:01 AM Ignore 40mpgsaturn Report Abuse Natural gas is a deal right now,next year?
rtw777 Champion Author Florida Posts:9,396 Points:1,841,995 Joined:Jan 2008	Message Posted: Apr 14, 2012 8:03:49 AM Ignore rtw777 Report Abuse Heard about this somewhere else.
Bullseye520 Champion Author Louisville Posts:2,197 Points:667,390 Joined:Apr 2011	Message Posted: Apr 14, 2012 8:02:01 AM Ignore Bullseye520 Report Abuse Repeat.
Ready Eddie Champion Author Twin Cities Posts:5,776 Points:1,343,745 Joined:Feb 2003	Message Posted: Apr 14, 2012 8:01:52 AM Ignore Ready Eddie Report Abuse Prove it.
jalan25 Champion Author Indianapolis Posts:2,340 Points:570,945 Joined:Sep 2011	Message Posted: Apr 14, 2012 8:01:33 AM Ignore jalan25 Report Abuse 3rd time I've seen this one
us30ride Champion Author Fort Wayne Posts:3,330 Points:712,635 Joined:Apr 2011	Message Posted: Apr 14, 2012 7:59:55 AM Ignore us30ride Report Abuse Get'r done
Boo1989 Champion Author Atlanta Posts:7,172 Points:1,349,570 Joined:Oct 2008	Message Posted: Apr 14, 2012 7:59:39 AM Ignore Boo1989 Report Abuse "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe." steven chu, obama's energy secretary.
cookined Champion Author Maine Posts:3,980 Points:2,229,895 Joined:Oct 2005	Message Posted: Apr 14, 2012 7:59:03 AM Ignore cookined Report Abuse Down the road my ass.
albert2008 Champion Author Winnipeg Posts:7,352 Points:1,481,010 Joined:Sep 2008	Message Posted: Apr 14, 2012 7:58:52 AM Ignore albert2008 Report Abuse thats good
cableman31 Champion Author New York Posts:8,833 Points:2,016,800 Joined:May 2004	Message Posted: Apr 14, 2012 7:56:41 AM Ignore cableman31 Report Abuse 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".
Drill4Petro Champion Author Illinois Posts:4,086 Points:1,015,185 Joined:May 2010	Message Posted: Apr 14, 2012 7:55:35 AM Ignore Drill4Petro Report Abuse Need to find more uses for natgas.
photobuddy Champion Author Washington Posts:1,620 Points:370,255 Joined:Feb 2012	Message Posted: Apr 14, 2012 7:55:05 AM Ignore photobuddy Report Abuse would love to see more of them on the road.
tribill Champion Author Twin Cities Posts:3,342 Points:2,339,710 Joined:Feb 2006	Message Posted: Apr 14, 2012 7:55:01 AM Ignore tribill Report Abuse Whatever.....
Asbury09 Champion Author Iowa Posts:7,213 Points:1,530,305 Joined:Jan 2009	Message Posted: Apr 14, 2012 7:54:40 AM Ignore Asbury09 Report Abuse where are the replys from when this ran the other day
2khawk Champion Author Iowa Posts:5,259 Points:928,025 Joined:Oct 2010	Message Posted: Apr 14, 2012 7:54:13 AM Ignore 2khawk Report Abuse Many companies have switched from diesel to CNG for their truck fleets.
Bigtex09 Champion Author Dallas Posts:4,288 Points:1,159,285 Joined:Oct 2009	Message Posted: Apr 14, 2012 7:52:22 AM Ignore Bigtex09 Report Abuse convert cars to natural gas. you can purchase it today for yes.. $1.70gal
GasholeMI Champion Author Lansing Posts:10,139 Points:1,718,290 Joined:Jul 2008	Message Posted: Apr 14, 2012 7:51:14 AM Ignore GasholeMI Report Abuse Guess which direction natgas will go if the car companies start building cars for CNG--UP.
Bus936 Champion Author Lexington Posts:16,444 Points:3,220,005 Joined:May 2004	Message Posted: Apr 14, 2012 7:48:32 AM Ignore Bus936 Report Abuse 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?
snarkysmarko Champion Author Baltimore Posts:3,072 Points:688,230 Joined:Nov 2010	Message Posted: Apr 14, 2012 7:47:58 AM Ignore snarkysmarko Report Abuse if only
gabbygusIN Champion Author Indiana Posts:7,236 Points:1,559,875 Joined:Oct 2008	Message Posted: Apr 14, 2012 7:45:35 AM Ignore gabbygusIN Report Abuse Clarksville IN has a CNG station at US31 and HWY 60 called Clean Energy!
belladog Champion Author Mobile Posts:2,587 Points:936,080 Joined:May 2007	Message Posted: Apr 14, 2012 7:44:33 AM Ignore belladog Report Abuse there must be an echo in here
HelenT Champion Author Buffalo Posts:2,954 Points:598,150 Joined:Apr 2004	Message Posted: Apr 14, 2012 7:44:23 AM Ignore HelenT Report Abuse old news