Federal tax credit cuts cost of compressed natural gas in Oklahoma
Compressed natural gas is getting less expensive as a result of a tax credit passed last week as part of the “fiscal cliff” settlement.
Compressed natural gas has dipped below $1 a gallon at a handful of stations around Oklahoma, thanks to a tax credit revived in last week’s “fiscal cliff” settlement.
The price of CNG is shown at the OnCue Express at 1 NW 23 in Oklahoma City. Photo By Paul Hellstern, The Oklahoman
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The American Taxpayer Relief Act included a package of tax credit extensions that had been recommended by the Senate Finance Committee. One of them was a 50-cents-a-gallon credit on compressed...
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