Alternative fuel pumps maditory by 2018
Alternative fuel pumps maditory by 2018
While it does talk about the tax break on the upcoming Volt, I found this part of the article more interesting, though I know that not a lot of pumps are owned by a major gas company.
Autioblog.com
Autioblog.com
As for the section on mandatory alternative fuel pumps, it requires that every gas station owned by a major gas company have at least one alternative fuel pump by 2018. The bill specifies "alternative fuel" as natural gas, E85 or higher, biodiesel, renewable diesel or hydrogen. Any company not in compliance by 2018 would be fined $100,000 per station, though a $50,000 tax credit would be offered to stations that choose an E85 pump. We'll let you discuss the merits of that particular provision in the comments below.
According to a preso by a Marathon rep that I attended, the "good" news is that this stuff will be very cheap - the amount that the government will require be sold is greater than the demand, so the energy companies will need to price it very low in order to meet the law and take a loss on every gallon
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