Autogas VS Gasoline Prices
There are several benefits to using autogas over gasoline. Less environmental impact, more uptime due to low maintenance and infrastructure costs, autogas being domestically produced, and more. However, the benefit of autogas that catches most peoples’ attention is the low cost. This year, autogas was $2 cheaper per gallon on average across the nation. That is without taking into account the 37 cents per gallon tax credit that anyone who uses autogas in their vehicle can apply for.
This is a great situation for autogas users but, why is autogas cheaper than gasoline? This is because autogas is an American-made fuel. Using autogas lowers our dependence on foreign oil and keeps costs down.
It also helps that the Inflation Reduction Act of 2022 extended the Alternative Fuel Tax Credit until the end of 2024. Propane autogas fleet operators who apply for the tax credit will be able to claim a credit for every gasoline gallon equivalent of propane autogas purchased, or about 37 cents per gallon. Tax credits are available for any propane used for motor vehicles in 2022, through December 31, 2024. The new law also extends the Alternative Fuel Vehicle Refueling Property Credit, which allows operators to claim up to six percent or $100,000 of the cost of installing qualified alternative fuel vehicle refueling property, including propane autogas refueling equipment. Read more here.
So what are you waiting for? Make the switch to autogas today and save!