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Re: bajista post# 5948

Wednesday, 04/05/2017 12:43:03 PM

Wednesday, April 05, 2017 12:43:03 PM

Post# of 8467
The problem as you say is really about the economy and the falling price of oil / diesel. Four or five years ago diesel was selling for $4.00 a gallon. Today under $2.50 a gallon. Opec has said oil needs to be aprox. $60.00 a barrel which would make diesel around $2,75 to 2.90 a gallon. If this level is achieved I can guarantee you many more will make the switch over to NatGas as the saving in fuel will push this process forward. That is why the two biggest truckers, UPS and FedEx are making this switch.
More will follow as testing continues and numbers are crunched.
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