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re: Tell me if this is a good investment (CNG tanks)
Posted on 5/16/11 at 2:34 pm to NaturalBeam
Posted on 5/16/11 at 2:34 pm to NaturalBeam
quote:
What am I missing?? - Obviously, if gas prices go down, my savings per week will go down. Is there anything else I'm not thinking about?
If you find a way to hedge the risk associate with an increase in Nat Gas, then it's a good deal, assuming you have done all the research correctly.
The biggest risk is a price spike making your investment tank. You can probably just offset it by buying into something on the market, or if you have the ability, going into the futures market (probably too complicated for most.
How did you calculate "the cost of Natural Gas"? You need to do it on a per mile ratio, IMO.
1
Posted on 5/16/11 at 2:46 pm to TheHiddenFlask
quote:Yeah, my understanding is the the price of gas and NG tend to move together, so my "profit margin" would somewhat remain intact either way (to a limited extent), but obviously there is some uncertainty there which could easily make the investment less (or more) worthwhile.
The biggest risk is a price spike making your investment tank
quote:Good point - I haven't done this much research on it yet. Again, my rough understanding is that both get about the same mpg, but I would need to recalculate with exact figures.
You need to do it on a per mile ratio, IMO.
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