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Natural Gas Booming

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  • Description

    FBN's Jeff Flock takes a look at how business is booming at a natural gas filling station.

  • Duration 2:37
  • Date

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Natural gas futures rising inventories -- well about their five year average with all the excess supply.

Many concerned about storage and how we can use what we already have.

Jeff Flock is in -- Plaines Illinois at the natural gas filling station -- You know this is a filling station it's open to anyone take a look at business is booming here and I'll tell you why.

A -- said that there's a cabbie just saw that's a cement truck over here this one here is hauling I think court surface are right.

As -- Tony it's courts are right in the ticket from -- up so Wisconsin here's white trucks make -- rounds every day here's why everybody so excited to be here take a look at this price per gallon equivalent with.

Actual gasoline.

Two dollars and 35 cents again that's right that's pretty good price it takes on the same distance that a gallon gasoline -- more so what's happening his image you see this is that this sort of the filling set up.

Well like charging electric cars and that's sort of thing this goes justice -- -- gasoline does.

An increasingly these rigs are being retrofitted.

To run on natural gas prices so that's right.

-- they've got the range here of over 250 miles 75 gallons of fuel on board.

And it'll fill -- about eight to ten minute duration and what is happening big companies like this this is called -- get this is that a cement.

Truck.

These guys fleet has been that we -- converted they get their money back on the conversion in about like a year.

That's right yeah it's all about fuel use because you're saving per gallon.

That's band is better for the environment and take a look at the inventory report that you mentioned today real -- let's -- -- those numbers.

The inventories continue to build Melissa some people think we'll run out of storage for natural gas by the end of the year the price could go as low as.

Zero.

Some people think.

We're trying to use that as fast as we can even a cab back there.

-- are right Jeff Flock thanks so much.

Yeah that's interesting to 39 a gallon equivalent obviously desert you know the right right next I'd expressed not even cheaper product that that -- you with the fact there aren't that many stations you can -- some sort of a premium because this is still pretty big -- -- -- -- natural gases.

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