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Texas NGV Alliance

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CNR Viable with Low Oil Costs

CNR Viable with Low Oil Costs

04/29/2016

The past two years have been a wild ride of plunging oil prices and, therefore, the plunging of diesel fuel prices for commercial vehicles in North America. The most talked about alternative fuel three years ago, liquefied natural gas, has become uncompetitive on a three-year payback basis at the $70-80/bbl. oil price range and therefore became radically uncompetitive as oil prices eventually bottomed out under $30/bbl. oil. Read more

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