Energy Costs
May 17th, 2006 at 07:24am Jason Treida - Iasta
Everyone is aware of the continuous price increases for crude oil and gasoline but what I didn’t realize was that for the last 12 months natural gas has actually decreased just over 5%. I am sure a lot of this has to do with the fact that much of the US has had a very mild winter but still did not realize this trend since the spotlight has been on oil and gas.
This site NGSA.org has some interesting facts about the usage and production of natural gas. I found it surprising that almost 8,000 US companies produce natural gas and that 24% of the total energy used by Americans is natural gas.
With the rapidly rising oil and gasoline prices and somewhat stable natural gas prices, cities have jumping on the band wagon of ordering public buses that are run on natural gas and these orders are expected to represent 20% or more of all new bus orders.
Propane should also be put into this category since pricing generally has only risen 5% over the last 12 months and has actually decreased in price since October.
The index information was provided by www.propurchaser.com, a member-based website that has been quietly helping purchasers drive down costs for over 5 years. For more information and/or a free trial membership, click here.
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Entry Filed under: General, Global Supply Issues/Risk, Suppliers
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