Dec 28, 2013

Expect CNG #Energy Price Hike as Tax Credit Expires, prices could explode 30%

Compressed natural gas (CNG) prices at the pump for cars and trucks will increase 30 percent at some stations because of a federal tax credit set to expire Jan. 31, FuelFix reports.

Most stations use the incentive — a 50-cent tax credit on each gasoline gallon-equivalent of natural gas sold — to cover costs.