Fuel Prices
Transcript of Fuel Prices
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The Fuel Crisis in America
By Chris Newton
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Current Price of Gasoline
» Current» National Average:$3.90» State Average: $3.83
» One Year Ago» National Average: $2.50-$3.00» State Average: $2.50-$3.00
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What can be done?
» Lowering the cost of petroleum by tapping into US reserves
» Using alternative fuels
» Using man made gasoline
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Breakdown of Gas Prices(At the Pump)
» Taxes: 80 cents
» Distribution and Marketing: 40 cents
» Refining: 40 cents
» Crude oil: $2.35
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Major increases in Demand
» China’s consuming about 7% more gas each year
» More demand= higher price for everyone
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Lower Gas Prices?
» The Gov’t has suggested cutting gas tax
» Demand is continually increasing
» Only way is to find more oil reserves
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Or…
» Tap into U.S. Oil Reserves» Currently 701 million barrels ready to be distributed in a moment notice
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U.S. Oil Reserves
» This could lower gas prices by about 20% (about 80 cents per gallon)
» According to Energy Secretary Samuel Bodman, U.S. oil reserves are only for emergency
» So, no hope here either
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Alternative Fuels
» With no relief in gasoline and petroleum product prices in sight, alternative fuels remain the World’s best option.
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Renewable Energy Sources
» Hybrid cars
» Electric cars
» Ethanol powered cars
» Solar powered cars
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The Hybrid» A hybrid vehicle is a
vehicle that uses two or more distinct power sources
» Internal Combustion (used to accelerate and cruising over 50mph)
» Electric motor for everything else
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Electric Only PowerThe Good
» Quiet
» do not produce noxious fumes
» Impressive acceleration
The Bad
» high battery costs
» limited travel distance between battery recharging
» charging time
» battery lifespan
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Solar Power
» Not Pretty… but pretty functional» Solar vehicles are not practical day-to-
day transportation devices at present, but are primarily demonstration vehicles and engineering exercises.
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Renewable Gasoline?
Another solution to solve the energy crisis may lie in scientifically engineered gasoline.
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Thermal DePolymerization
» TDP is still under research
» Only small scale test have been done
» NO by-products as all gases released are contained and used to power the plant from the beginning
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Why aren’t we using it?
» Simply not enough funds for a large scale test
» Very new (i.e. in the last three years)
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If it works…
» If TDP works as claimed on a large scale, gasoline would be available, almost indefinitely, for under $1 dollar a gallon.
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Conclusion
» Doubtful that gas prices are to go down
» Alternative fuels/cars are good option
» Scientifically engineered fossil fuel (i.e. TDP) seems the best idea
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Works Cited» Grabianowski, Ed, and Kevin Bonsor. "How Gas Prices Work." 05 June 2001.
HowStuffWorks.com.<http://auto.howstuffworks.com/gas-price.htm> 26 May 2008.
» "Learn about Hybrid Vehicles/Cars." beyondfossilfuel. 2008. 26 May 2008 <http://www.beyondfossilfuel.com/hybrid/>.
» "Learn about the History and Future of the Electric Car .“beyondfossilfuel. 2008. 26 May 2008 <http://www.beyondfossilfuel.com/electric/>.
» Jim, Trounson. "Energy Crisis Solutio ." Thermal Depolymerization. 31 Mar. 2004. 26 May 2008 <http://www.thermaldepolymerization.org/>.
» http://winfotech.com/images/article24995.gif
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Works Cited (cont.)» "Learn about Hybrid Vehicles/Cars." beyondfossilfuel. 2008. 26 May 2008
<http://www.beyondfossilfuel.com/hybrid/>.
» The Associated Press. "Is It Time To Tap U.S. Oil Reserves?" Online posting. 22 May 2008. 26
May 2008 <news:CBS News>.
» www.worldproutassembly.org
» innovech.files.wordpress.com
» gizmodo.com
» www.walkonmypath.com/.../gas-price-breakdown.gif
» www.foxnews.com/images/277560/0_61_oil_drill.jpg
» www.cartalk.com/.../images/altfuel-main.gif