FOR IMMEDIATE RELEASE
September 9, 2015
CONTACT: Heather Ball
Natural Gas Vehicle Use Continues Climb in Texas
Sales to transportation sector up 79 percent
AUSTIN - Latest motor fuel tax figures from the Texas Comptroller show Texas natural gas sales for vehicles continue to climb, the Texas Natural Gas Foundation announced today. Tax collections as of August 31 are up 79 percent over the same period last year, and have quadrupled compared to two years ago. (See chart)
“Despite the drop at the pump in gasoline and diesel prices, Texas natural gas still offers better value for fleet users,” said State Representative Jason Isaac, President of the Texas Natural Gas Foundation. Isaac reported tax revenue from sales of compressed natural gas (CNG) and liquefied natural gas (LNG) motor fuel totaled $4,293,738 as of August 31, the end of the state’s fiscal year.
“Texas fleets continue to expand the use of natural gas for their vehicles, because it’s cheaper, cleaner and helps protect our energy independence. At 15 cents per gallon equivalent, $4,293,738 of motor fuel tax equates to the sale of 28.6 million gallon equivalents of natural gas,” Isaac said.
A “gallon equivalent” is the amount of CNG or LNG with the same energy content as a gallon of gasoline or diesel fuel.
“Fleet managers interested in transitioning to natural gas, or expanding their current use, should visit the TXNG website, www.txng.org, for information on the latest incentives and regulatory changes,” said Isaac. The Foundation will host a workshop on November 12 in Spring, Texas (near Houston) that will give fleet managers the opportunity to share information about transitioning to natural gas.
The Texas Natural Gas Foundation was recently founded to provide scholarly research, education and public awareness about Texas natural gas and its vital role in energy security, economic growth and benefits to the environment. For more information, visit www.txng.org.