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Cost of Gasoline vs. Natural Gas
I'm going out on a limb here, but the cost of gasoline at the pump includes significant taxes. Should NG come to the pump en mass, I'm sure taxes would be added (state & local gov won't allow any drop in their "revenue"). Another point, NG is very cheap right now at apx $3.50/MMbtu on 1 DEC 2011. Back in 2005-2006, NP peaked at $14. My point in bringing up both taxes and price fluctuation is that with a rise in NG demand and use, there will be a rise in price and taxes, so the savings quickly begins to get offset.
Dec 1, 2011. 12:00 PM
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