Related: Obama Approves Incentives for Alt Fuels, Bi-Fuel NGVs
Oil Price Volatility Makes Case For NGVs
With the price of oil being highly unpredictable it only makes sense for commercial and government fleets to choose natural gas-powered vehicles, according to NGVAmerica President Matt Godlewski.

This illustration from the American Gas Association's 2014 Playbook, shows that gasoline prices rely on crude oil by 70 percent.

This illustration from the American Gas Association's 2014 Playbook, shows that gasoline prices rely on crude oil by 70 percent.
With the price of oil being highly unpredictable it only makes sense for commercial and government fleets to choose natural gas-powered vehicles, according to NGVAmerica President Matt Godlewski.
NGVAmerica released a whitepaper outlining some of the historical facts and long-term perspectives on oil prices, gasoline, diesel, and natural gas fuels.
History shows that the recent decline in world crude oil prices and related gasoline and diesel prices won’t last and will increase as soon as the world economy rebounds, according to the report. On the flipside, economic models show that natural gas offers long-term stability and low gas prices could remain for many years, or even decades.
The report also points out that the long-term nature of fleet asset management suggests that it is essential to continue to invest in transportation fuel portfolio diversification by transitioning more vehicles to natural gas. Which could be a result of state and federal policymakers will promote fuel diversity and policies that encourage natural gas for energy security.
In his recent State of the Union address, President Barack Obama called for the increased use of natural gas.
Originally posted on Automotive Fleet
More Fuel

June Diesel Trends Update
The national average price of a gallon of diesel decreased by 15 cents this week, and all five regions reported lower prices, ranging from just over 10 cents to more than 21 cents cheaper than a week ago.
Read More →
RoadFlex Brings Fuel Tax Compliance & Audit-Ready Reporting to Government Fleets
RoadFlex now offers its capabilities to help public-sector and public works fleets streamline fuel tax exemptions, reclamation, reconciliation, and audit-ready reporting.
Read More →
Fillip Fleet Expands Into U.S. Market With Digital Fuel Card Platform
Fillip Fleet expands into the U.S., bringing digital fuel cards, fleet expense controls, and contactless payments to fleets across North America.
Read More →
3 Benefits of Hydrogen as a Fuel
Hydrogen fuel offers zero harmful emissions, incredible energy density, and flexible production pathways. In this video, we learn from a hydrogen industry insider about the three biggest benefits of hydrogen as a fuel to power commercial vehicles.
Read More →Are You Tracking Your Fleet's True Total Cost of Ownership?
Bobit Business Media surveyed 190 fleet professionals and found that while most fleets are tracking costs, fragmented systems and data gaps are keeping true TCO visibility out of reach. With rising pressure to control spend in an increasingly volatile environment, the gap between what fleets think they know and what the data actually shows is wider than you might expect. See how your peers are managing costs today and where the industry still has room to improve.
Read More →
May Diesel Trends Update
The national average price of a gallon of diesel decreased by more than 7 cents this week, and all five regions reported lower prices, ranging from just over 2 cents to more than 12 cents cheaper than a week ago.
Read More →
How Hydrogen Fuel Is Produced for Fuel Cell Trucks
How is hydrogen produced for fuel cell trucks? Let’s learn more about that as Pajarito Powder CEO Christian Mohrdieck walks us through the process in this video.
Read More →
RoadFlex Launches Mobile App for Drivers and Fleet Managers
RoadFlex has launched its mobile app to give fleet teams a faster, easier way to manage fleet card activity, capture receipts, review transactions, and maintain spend visibility from the field.
Read More →
OptiMile Pro Launches Fuel Planning Platform to Cut Fleet Fuel Spend
OmtiMile Pro’s new software replaces the "fill up when empty" habit with a globally optimized fuel plan that picks the cheapest stop in the fleet's contracted network and the precise amount of fuel to load on every run.
Read More →
April Diesel Trends Update
The national average price of a gallon of diesel dropped by more than 5 cents this week, and all but one region reported price decreases.
Read More →
