MIT study suggests carbon tax could help reduce US deficit, lower other taxes, reduce emissions
Arctic sea ice shrinks to new low in satellite era

Gulf Oil adds LNG-powered trucks to its transportation fleet

Gulf Oil LP, a national branded supplier of motor fuels throughout the United States and its territories, has deployed 34 transport trucks that run on liquefied natural gas (LNG). In addition, Gulf will soon be supplying and distributing LNG to customers in the transportation sector and other interested bulk users.

Gulf’s move into the LNG marketplace is part of the company’s ongoing strategy to diversify its energy offerings and provide the marketplace with a fuel alternative that is cheaper, cleaner, and domestic.

We intend to convert more of our fleet and to supply and distribute LNG to our customers. The economic benefits are remarkable. For example, fleets that have more than 10 vehicles that use at least 20,000 gallons per year in a ‘return-to-base operation’ can expect to lock in an after-tax internal rate of return in the 20 to 35 percent range. For our own fleet, we locked in a five year discount against diesel costs to guarantee a significant return on investment.

—Laura Scott, Senior Vice President of New Business Ventures

Gulf’s new vehicles are Peterbilt 386 liquefied natural gas trucks incorporating Westport Heavy Duty 15 liter high-pressure direct injection (HPDI) systems. Gulf will assist its fleet customers in all aspects of conversion, including vehicle selection, acquisition, hedging, operations, and regulatory requirements.

Comments

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)