BOSTON (TheStreet) -- With $4-a-gallon gas and diesel at the pumps now and their prices sure to rise, natural gas is looking like a sure bet to replace diesel as the fuel of choice for the nation's high-mileage truck fleet.Given the boom in North America's production of natural gas, there is a glut of it and it is selling at low prices not seen in a decade. Once converted to compressed natural gas (CNG) or liquefied natural gas (LNG) for use in compatible engines, it costs about 42% less than diesel on a per-gallon basis. The Department of Energy's Energy Information Administration forecasts that this difference is likely to be long-lasting.
6 Stocks to Benefit From Truckers' Switch to Natural Gas
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.