Railroad Commissioner David Porter announced that Texas fleets are purchasing natural gas to fuel their vehicles in record numbers, according to new data from the state Comptroller’s office. Porter reported that tax revenue from sales of CNG and LNG fuel totaled $3,033,600 as of May 31 for FY 2015. Overall, CNG and LNG sales in Texas increased 78% over FY 2014.
“Natural gas vehicles are becoming main stream faster than expected. These collections are nearly double the amount collected last year at this time,” Porter commented. “At 15 cents per gallon equivalent, $3,033,600 of motor fuel tax equates to the sale of 20,224,000 gallon equivalents of natural gas.”
“These figures reflect the growth in natural gas refueling infrastructure in Texas over the past year. The number of vehicles tops 7,900 and the number of stations has increased by 30%, to 137, with an additional 44 coming on line in the next 12 to 18 months. A quick glance at the Texas Natural Gas Refueling Map shows how much progress industry has made in creating the infrastructure needed for fleet operators to take advantage of the cost savings and energy-security benefits of this abundant, domestic fuel.”
Commissioner Porter launched his Texas Natural Gas Initiative in 2013 to encourage the adoption of natural gas fuel in the transportation and exploration and production sectors.
Source: Texas Railroad Commission