Diesel Price Spike Shortens Payback for Natural Gas Trucks, Report Says
Energy Vision estimates fleets could recover the higher purchase price of an RNG-fueled Class 8 tractor in 1.3 to 2.8 years under current fuel-price scenarios.
Energy Vision estimates fleets could recover the higher purchase price of an RNG-fueled Class 8 tractor in 1.3 to 2.8 years under current fuel-price scenarios.
With diesel prices climbing sharply, the economics of renewable natural gas trucks may be looking more attractive to some fleets.
That’s the conclusion of an updated report from the nonprofit Energy Vision, which examines options for replacing older Class 7 and 8 diesel trucks.
The national average price of on-highway diesel reached $6.285 per gallon on Sept. 14, about 65% higher than the $3.81 reported shortly before the Iran war began in February. In California, diesel averaged $8.039 per gallon, according to the latest U.S. Energy Information Administration data.
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