Skip to content

Pickens Says Natural Gas Trucks Will Soon Cost the Same as Diesel

9/22/2011 11:30:00 AM
Write a Letter to the Editor

Print This

GRAPEVINE, Texas — The cost differential between natural gas powered trucks and their diesel versions is fast dissolving and will soon disappear, according to investor T. Boone Pickens.

Pickens, one of the leading advocates of natural gas as an alternative to oil as a fuel, told a luncheon crowd at TMW Systems’ TransForum here this week that the price differences between trucks that burn the two fuels will evaporate completely “in less than 10 years.�

He said a natural gas powered trash truck that cost $50,000 more than its diesel alternative a few years ago, is now only about $10,000 more.

And the natural gas needed to power that truck, Pickens said, “is $1.50 to $2 a gallon cheaper than diesel today.�

Natural gas powered truck prices have been declining as more of them are being produced.

Pickens, chairman of BP Capital Management, has among his investments Clean Energy Fuels Corp., which is in the midst of constructing a national network of filling stations that offer liquefied natural gas and compressed natural gas.

Follow Transport Topics on RSS Twitter Facebook

 Print This

© 2011, Transport Topics Publishing Group. All rights reserved.




Pickens Says Natural Gas Trucks Will Soon Cost the Same as Diesel (9/22/2011 11:30:00 AM)
Ryder Offers Leasing Program for Green Trucks (9/22/2011 8:42:00 AM)
Shell Sets Campaign to Boost Natural Gas; Plans LNG Plant, Distribution in Canada (9/19/2011 7:30:00 AM)
Ryder, Staples Adding 10 CNG Tractors (9/14/2011 11:00:00 AM)
Shippers Cite Steady Demand, Are Optimistic on Rest of 2011 (9/12/2011 9:00:00 AM)
Interest in Natural Gas Truck Fuel Increases; Industry Observers Predict Rising Sales (8/29/2011 6:00:00 AM)

Click Here!

We'll deliver tax strategies to your inbox from our CPA firm.
We hate spam. Your email address will not be sold or shared with anyone else.