New ONG price

[rover]

Why did ONG raise the price to $1.46?

[John Mitton]

Re: New ONG price

Probably due to the Senate not passing the House's tax credit extension bill (anyone have the House Bill reference number?). The 50 per gasoline gallon equivalent credit expired 12/31/09 so ONG can no longer pass that along at the pump. I imagine Questar will do likewise here in Utah soon.

You folks should hound Sen Inhofe and Coburn's offices

[TOMTGT]

Re: New ONG price

John you are exactly right about the VETAC. Please read the link below then call your senator and complain.

http://tulsagastech.com/vetac.html

also the raw cost of natural gas has gone from Oct. price of 2.80 per Mcf = .35 per GGE

to Jan. price of 5.71 per Mcf = .71 per GGE

Natural gas normally goes up in the winter then back down in the summer. Look for gas to setttle at the pump for Feb - April at 6.91 per Mcf = .87 just for the raw methane gas then they have to pay .18 for tax and compress it. Lets give ONG and all the station operators a break for trying to at least break evan.

Look at any stock quote page for NGF10.NYM and you can see the Jan. spot price on natural gas. Look at NGG10.NYM for Feb. and NGH10.NYM for March and so on for each month of natural gas pricing on the spot NYMEX board. We dont pay just NYMEX price but it is a great indicator of what gas is doing in the market. Any one that needs more answers call me but dont call ONG griping, We need these station, Thank them for doing the best any gas company in the country has do to promote CNG.

Tom Sewell
605 2641

[blueice]

Re: New ONG price

Thank you, Tom, excellent post!

[John Mitton]

Re: New ONG price

Accorind to a post in the Utah form, the House Bill number is H.R. 1835. The Senate Bill number is S. 1408

[airportac]

Re: New ONG price

The midland, odessa station went from $1.05 to $2.21, the Austin station went to $2.43, Gasoline was at $2.39. Not much incentive for anyone to deal with the hassle and cost of CNG vehicles. Lpg is much more attractive to me now.

[rover]

Re: New ONG price

Amen,

If I save $1 per gge it would take more than 100,000 miles to break even on an inexpensive conversion. When you factor in the inconvenience and the difficulty of getting these conversions repaired I'm not sure I would do this again.

[blueice]

Re: New ONG price

Amen,

If I save $1 per gge it would take more than 100,000 miles to break even on an inexpensive conversion. When you factor in the inconvenience and the difficulty of getting these conversions repaired I'm not sure I would do this again.

Excellent point, Rover! At 15,000 miles per year that would almost seven years...

I view anything with a payback of greater than five years as questionably, unless it is home related...

I think the CNG retailers are simply maximizing their margins and in the process destroying future growth..

In order for this to truly change, there will be a need to increase the retail base by a hundred fold...