Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
Chrysler's CNG fuel tank breakthrough
Chrysler announced this week that it has invented a CNG (Compressed Natural Gas) fuel tank that could revolutionize CNG-vehicle design. Here is a selection from a November 12 Automotive News article about their announcement:
Currently, CNG costs about half the price of gasoline at filling stations. Its main disadvantages are:
The number of available filling stations has been increasing rapidly, and both GE and Eaton Corp. will soon be marketing $500 home fueling appliances. The price of a car or light truck has been kept high by EPA regulation, but will eventually fall, due to competition.
Chrysler's new invention could greatly reduce the trunk or bed space disadvantage. In current CNG pickups, the cylindrical fuel tank takes up the front two feet of the bed. A flatter CNG tank could, perhaps, be placed underneath the bed.
Journal of Economic Literature:
Atlantic Economic Journal: