If you’re a fleet manager and have been considering whether a switch to natural gas powered vehicles makes sense for you, then you’re in luck. The Allegheny Conference on Community Development is making a number of resources available to help you in this decision.
Part of the Conference’s new natural gas vehicle website is a three-part savings calculator that offers fleet managers a tool to evaluate the financial case for adopting natural gas vehicles. Coupled with this is a white paper report, Encouraging Natural Gas Vehicles in Pennsylvania, which takes a look at the opportunities and challenges of using natural gas vehicles as a transportation fuel.
Key finding of the report include:
- The ready availability of natural gas from the Marcellus Shale and other shale formations has shattered the traditional relationship between natural gas and oil prices.
- The widening price differential, with crude oil trading at 48.8 times the price of natural gas in the last week of March 2012, can make converting to natural gas pay for itself in particular types of fleets.
- Lack of natural gas fueling infrastructure (not enough available stations) remains the biggest hurdle.
- Depending on their operations, natural gas vehicles may make sense for some kinds of public and commercial fleets.