Alternative Fuels Becoming More Cost-Competitive

According to a study by the Energy Management Institute, alternative fuels are more competitive now than three years ago.

Alternative fuels are 29% more cost-competitive than three years ago in comparison with hydrocarbon energy, according to the results of a study released by the Energy Management Institute.

The study covered three years of pricing data from more than 80 urban areas in all 50 states. "We crunched a lot of data for this one," says J. Scott Susich, editor of EMI's Alternative Fuels Index publication.

The results showed the following alternative fuel sources to be more cost-competitive than their gasoline and diesel counterparts: natural gas is 414% more competitive than it was three years ago; electricity 36%; biodiesel 29.2%; propane 21.3%; ethanol 17.4%.

Compared directly to crude oil, those five alternative fuels are 32.5% more competitive than three years ago.

EMI is a New York-based division of Advanced Energy Commerce Inc.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish