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Fuel Prices


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How to solve gas crisis

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Fuel Prices

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