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Diesel averaged about $2.30 per gallon last year, its lowest level since 2004, which has slowed adoption of natural gas trucks. ACT Research reports 6,885 natural gas trucks sold last year, and forecasts about 6,900 for 2017.
Industry sources cite cheap diesel and range concerns as barriers to adoption.
Low diesel prices reduce the incentive to switch fleets to natural gas, keeping diesel demand firm. Freight cost trends for feed delivery remain tied to diesel rather than gas.
ccjdigital.comJason CannonApr 26, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
