Monday, January 5, 2009
Just when you thought it was a wise idea to kick that ole' gas guzzler for a Compressed Natural Gas (CNG) vehicle.
You might want to think again.
In December, the Utah Public Service Commission made plans to hike CNG prices 188 percent by Summer.
Shortly after the plan was announced, CNG went from a nation-low $.80 per gallon to $1.14.
By July 1, the price will increase to $1.43.
BTW, don't think that I believe unleaded gasoline prices will stay as low as they have been lately.
I predict the pendulum will swing back even harder, sending gas prices higher than we've ever seen before.