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Congress May Level Playing Field for LNG and Diesel Fuel Taxes

2013-05-31 07:02:35| AutomotiveDigest.com - Automotive Industry News

The US House of Representative is looking at a bi-partisan bill introduced on May 23 that will reduce taxation on liquefied natural gas as a transportation fuel. Its based on leveling the playing field for transportation fuel based on an energy equivalent basis. Currently, the federal highway excise tax on both diesel and LNG is set at 24.3 cents per gallon, but it takes about 1.7 gallons of LNG to equal the energy content of one gallon of diesel 70% higher than diesel..... The Article Congress May Level Playing Field for LNG and Diesel Fuel Taxes appeared first on Automotive Digest.

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