We R CNG offers fourth generation CNG conversion kits. These multi-port fuel injection systems are controlled by a powerful electronic control unit (ECU). Special CNG injectors are installed (one per cylinder). The injectors are fired individually and controlled by the ECU. The ECU is programmed to match the vehicle’s fuel map. This ensures that the correct amount of CNG is injected. The vehicle’s software is never tampered with. The CNG fuel system is simply added to the original.
These kits are designed for modern vehicles with electronic fuel injection. Sequential injection systems deliver fast response to sudden driving changes. The ECU connects to the vehicle’s on board computer and duplicates the fuel map. The ECU is extremely fast and can perform over 30 million operations per second. The high performing software is OBDII compatible which facilitates quicker CNG conversions. These CNG kits are simple to maintain and tune-up.
Trained professionals can easily and safely install these CNG conversion kits. We R CNG provides free CNG conversion training to ensure that your AFV performs its best.
Credible CNG conversion companies like We R CNG offer the highest quality CNG Conversion Systems on the market for superior performance and engine protection. The easy to install CNG kits for sale have sequential injection programmed with OBD II Compatibility. The Plug-N-Play wire harness eliminates splicing into the vehicle’s wire systems. This feature reduces human error and saves time. CNG conversions can be easily reversed. The CNG conversion system can be removed and re-installed on the next vehicle. This helps with the resale value for fleets taking trucks back to auction for sale.
Switch seamlessly between natural gas and gasoline at the touch of an LED button installed on your dash. Should you run low on CNG, the system will alert you and switch automatically to run on gasoline. Calibration is quick and easy.
The CNG Conversion Kits for trucks are equipped with Single Regulators supporting up to 400 HP. These are designed to withstand all the rigors of driving including hard braking, idling, and pulling heavy loads (15% more torque) all while providing precise natural gas fuel injection to match your vehicle’s original fuel map settings.
Since mid January gasoline prices have rebounded from the low price of $1.50 on the futures market. There have been various factors disrupting the falling prices in spite of historically high inventory levels. In fact, gasoline prices have gained more than 40 cents per gallon in the last 45 days. Some factors pushing up prices have been:
I question which (if any of these) catalysts will send gasoline prices back up? The month of March may just possibly be one of the more volatile months for gasoline and oil prices this year. Both commodities have spent the last several weeks consolidating and waiting for fresh news to either continue the upwards trend or to reverse the trend downwards. Many industry experts are reporting record levels of gasoline supplies and they speculate that prices will level off closer to $2.50 per gallon nationwide. California is an exception as their stricter guidelines for emission reductions and the recent refinery explosions have driven their prices back up to $3.50+ per gallon. When the reformulated blends hit the market this month we might expect an additional 10 – 20 cent increase per gallon from the current prices.
Technically, gasoline is poised for a spike in price. The chart formation shows us how gasoline prices have been consolidating with buy orders on the lower line and sell orders on the top line keeping the price within a defined range. Traders have been waiting for fresh news to determine the next direction of gasoline. Either prices will increase and continue the previous trend or we will see a reversal in prices. If the technical formation holds then we might anticipate a spike in prices accommodated with high volume. The million dollar question is what will move prices out of this recently developed range? The Baker Hughes oil rig count is due out later today, perhaps we may pay more for gasoline over the weekend.
There’s a lot of finger pointing going on with regards to the glut of oil and gasoline prices rising. Yes, gasoline is directly tied to oil prices. According to the EIA, 19 gallons of gasoline are produced out of every 42 gallon barrel of oil.
Gasoline prices have been trading in sync with oil for most of 2014. Only recently has this trend broken with gasoline prices diverting itself from oil’s downward price path. Since mid January gasoline prices have gained over 40 cents per gallon. Both markets are exhibiting extreme volatility as gasoline prices traded inside a 12 cent range during yesterdays’ (Wednesday) trading session. Gasoline prices closed at $1.91 per gallon which was a few cents from the day’s high further widening the price differential between crude oil and gasoline. US gasoline averaged $2.12/gallon in January which was the lowest price since April 2009.
Is it the oil companies fault that they are experiencing refinery accidents forcing additional plants to slow down gasoline production? A lot of people are speculating that these accidents occur every time gasoline prices drop below $3 per gallon in California and closer to $2 per gallon across the nation as an excuse to charge higher prices.
Perhaps it is the end of the winter schedule when the refineries close for maintenance and to reformulate the gasoline in preparation for the hotter summer months ahead. Reformulation usually adds an extra 20 cents per gallon for most states. California is an exception as they have an extremely stringent pollution policy which costs about 40 cents more per gallon.
Perhaps it’s due to the largest United Steel Workers Union’ strike in 30 years. Workers are striking at various oil refineries across the nation including Motiva Enterprises which is the nation’s largest oil refinery in Texas that carries a crude capacity of 600,000 barrels a day. These refineries account for 20% of the national production. The negotiations are being held up over whether to replace contractors hired for specialized jobs with union members.
Perhaps it’s the cold weather freezing the transportation corridors on our nation’s rivers and lakes. Many of these passageways are frozen solid. Refineries depend on lubrication oils to operate their machines. 90% of the Great Lakes are frozen over and are blocking most traffic and supplies needed by these refineries to continue processing oil into gasoline.
Or maybe the fault lies with terror groups like ISIS who make it their mantra to surprise and shock others with their destructive and frightening acts of violence.
I question what (if any) catalyst will send gasoline prices back up? The month of March may just possibly be one of the more volatile months for gasoline and oil prices. Both commodities have spent the last several weeks consolidating and waiting for fresh news to either continue the upwards trend or to reverse the trend downwards.
Many industry experts are reporting record levels of gasoline supplies and they speculate that prices will level off closer to $2.50 per gallon nationwide. There is unfortunately all the above mentioned threats that are pricing in supply uncertainty and volatility into the gasoline market. Outside of all these reasons for the increase in gasoline prices are the dependable cost break down for each gallon of gasoline. The main costs to produce gasoline are:
Kramer said it best, “oil is a battlefield” . It seems that both technical and fundamental news share little to no consensus as to which direction oil prices will trend. ….except that we may be missing a small signal alerting us to oil’s next move.
If you look at the monthly crude oil chart, the last 2 weeks of price activity appear to qualify as an “ascending triangle”.
An Ascending Triangle will have a resistance price. In our case the April contract for WTI oil has been unable to trade higher than $55 and it has tested this level 3 times. The reason the price has been met with resistance is that there are a number of sell orders at or around $55 which cause the price to drop each time it is tested. Eventually the market will run low on sell orders at $55 which will enable the price to break through this price and trade higher. These breaks are usually accommodated with very high volume.
In the mean time, the lower trend line is slanted upwards indicating higher lows. For an Ascending Triangle to be validated it must have a minimum of 2 reaction lows (the points that connect the lower trend line) which this formation has.
Ascending Triangles are a bullish indicator, which if the formation holds then we might anticipate a strong break out to the upside. Many times a news item will facilitate this push. The latest irrational and self-destructive terrorist actions from ISIS having slaughtered 21 Egyptian Christians in Libya wasn’t enough. The ongoing threat to Iraq and Libyan oil supplies isn’t enough. West Virginia’s train derailment spilling and exploding over 410,000 gallons of oil into the Kanawha River wasn’t enough. So what will it take? Will today’s Baker Hughes Rig Count be enough? My guess is probably not. We are still producing more oil than is consumed which is reinforcing the selling pressure on oil prices.
How long before the price breaks out of this consolidation phase? No one knows and is driving a lot of investors and analysts crazy. As I mentioned in my last Blog post analysts never get enough credit for being correct in their projections and those analysts that make the wrong educated guess get slaughtered by all the armchair players. However, with out these educated projections how can companies reduce risk and still increase profits?
It’s the waiting that kills everyone. Meanwhile, gasoline prices are moving higher and instep with oil prices.
Gasoline prices have been consolidating and making slightly higher highs as well. Only a close above $1.88 will show us that this round of sell orders have been eliminated.
My family and friends in California can not catch a break. Just when they finally experienced a few months of lower gasoline prices, the United Steel workers walked out of 9 refineries which make up 13% of US gasoline production. These workers are fighting for safer working conditions. Last Wednesday the electrostatic precipitators (ESP) in the Torrance refinery near Los Angeles exploded. The irony of this story is that no one from the Torrance refinery was striking. In fact the 12-story tall equipment that exploded and released toxic fumes into the nearby neighborhoods was used to reduce particulate matter and ammonia emissions during the refining process. The ESP unit inside the refinery could stay closed for 6 months and take up to a year to be replaced.
California gasoline prices spiked 10 cents higher after the plant explosion.
I guess our friend Kramer should change his statement to “Both oil and gasoline are battlefields”!
***Post Update: The Baker Hughes Weekly Report for February 20, 2015, counted 48 additional closed rigs from last week which is a 4% drop. Oil futures dropped 1% (52 cents) on the news. This makes a total of 461 closed US rigs over the last 12 months.