CNG SAVINGS
Overview
Whether you have a fleet of 5 or 500 vehicles, compressed natural gas (CNG) is a viable option worth considering. While the costs of petroleum fuels continue to rise, CNG is stable and significantly cheaper than conventional fuels.
Stop paying top dollar at the pump! Find out how much money you can save by converting your fleet to compressed natural gas (CNG).
Affordable
Less Fuel Cost & More Savings
Compressed natural gas (CNG) is an affordable alternative when compared to gasoline or diesel fuel. CNG can cut fuel costs by about 50% while delivering the same power and performance. In addition, with fuel emissions standards rising in cities more fleet organizations are seeing the value natural gas can add to their budgets.
Meanwhile, record U.S. natural gas production – a landmark study showed supply far exceeds government forecasts – and storage levels assure reasonable prices for the foreseeable future. In the past five years, natural gas prices have risen much less than many other commodities.
Savings with New NGVs
Overview
Natural gas vehicles typically cost more than gasoline or diesel vehicles. This is largely due to the cost of high-pressure and insulated fuel tanks, which are necessary to store CNG or LNG. However, the cost of natural gas fuel is now $0.50 to $1.00 less per gallon. The savings in fuel costs can translate into significant savings over the life of a vehicle, depending on fuel efficiency and the number of miles driven. The greatest savings are currently being seen in heavy-duty, high mileage fleets. These vehicles consume enough fuel for owners and operators to see a pay back in as little as 18–24 months. As the price of fuel tanks comes down, light-duty passenger vehicles will become less expensive and also will enjoy a shorter payback period.
Facts About Natural Gas Vehicles
With proven reserves of domestic natural gas soaring and our dependence on foreign oil as burdensome as ever, it only makes sense to start using our clean, inexpensive, and abundant natural gas as a vehicle fuel. Natural gas vehicles (NGV) are good for our economy, our environment, and your bottom line. Whether you are an individual or a fleet manager, never before have there been so many natural gas products and services available, spurred by unprecedented industry investment and government incentives. Read on to learn more about the many benefits of NGVs.
Source
Natural Gas Vehicles for America
- There are about 165,000 NGVs on U.S. roads today and more than 15.2 million worldwide.
- There are 1,640 CNG and 123 LNG fueling stations in the U.S., and refueling appliances are available for home use.
- In the U.S., about 50 different manufacturers produce 100 models of light, medium, and heavy-duty vehicles and engines.
- Natural gas currently costs from $1.50 to $2.00 less per gasoline gallon equivalent (GGE).
- In the U.S. alone, NGVs offset the use of about 500 million gallons of gasoline in 2014.
- NGVs meet the strictest emission standards, including California’s AT-PZEV standard.
- NGVs are as safe as or safer than traditional gasoline or diesel vehicles.
Overview
CNG Savings
Vehicles | ||
Miles | ||
MPG | ||
Per gallon | ||
Per gasoline gallon equivalent (GGE) | ||
Per Vehicle |
CNG Fuel |
Diesel Fuel |
... Gallons Equivalent |
... Gallons |
... Annual Fuel Cost |
... Annual Fuel Cost |
Investment Payback In:
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... Years |
... |