I am in Oklahoma and we can get CNG for $.91 per GGE. I have tried to back into the numbers a bit to see where they are getting that price and I think some of my figures are a little off.
Natural Gas is trading for around $12 per MMBTU (million BTU's) If their is approx 115,000 BTU's in a GGE then that would equal 8.69 GGE per million BTU's. Which would make the cost per GGE around $1.38. I beleive this is before delivery or any other expenses. I know our local gas company is not loosing money so that I can buy cheap fuel. Can someone please tell me how my figures have gone wrong?
thanks
Nic
Natural Gas is trading for around $12 per MMBTU (million BTU's) If their is approx 115,000 BTU's in a GGE then that would equal 8.69 GGE per million BTU's. Which would make the cost per GGE around $1.38. I beleive this is before delivery or any other expenses. I know our local gas company is not loosing money so that I can buy cheap fuel. Can someone please tell me how my figures have gone wrong?
thanks
Nic
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