Valdosta Daily Times

Local News

August 18, 2013

Powering the future

Natural gas becoming prime energy source

(Continued)

VALDOSTA — Cost

At Langdale Fuel, the cost of a GGE, or gas gallon equivalent, which is the standard measure for Compressed Natural Gas, is $2.36, about $1 less than regular gasoline at filling stations.

Vehicles that run on CNG cost a few thousand dollars more than conventional vehicles, but that amount is expected to decrease as production increases. Also, in Georgia, individuals can claim a tax credit of 10 percent of the vehicle cost, up to $2,500, and similar incentives exist for business and industry.

While the Center for Climate and Energy Solutions pricing study shows a likelihood of increased prices due to rising demand, the availability and domestic production of natural gas is expected to be less volatile than pricing on foreign oil imports.

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