How does the pricing structure of CNG generally compare to gasoline and diesel?

The pricing structure of Compressed Natural Gas (CNG) is generally characterized by stability and lower costs compared to gasoline and diesel. This stability is largely due to the production and supply dynamics of natural gas, which are not as influenced by global oil market fluctuations as liquid fuels are. As a result, CNG prices tend to be less volatile, offering a more predictable cost for consumers and businesses that rely on this alternative fuel source.

Additionally, the production and distribution of CNG benefit from advancements in extraction techniques, such as hydraulic fracturing, which have expanded supply and kept prices competitive relative to traditional fossil fuels. This can lead to a lower price point for CNG overall when compared with gasoline and diesel, making it an attractive option for users looking to save on fuel costs.

In this context, the comparison of CNG prices with those of gasoline and diesel highlights the economic benefits of using CNG, particularly in terms of cost-efficiency and price stability for long-term fuel planning.