The Cost of Gasoline versus the Cost of Alternatives
Kimberly Nunnery
May 1, 2006
Dr. Rosemary Carlson
FIN 660
Executive Summary
Due to the recent rise in the price of gasoline, more resources than ever have been allocated to the research and development of alternative fuel sources, with emphasis on replacing the modern automobile with one that either does not run on gasoline or uses very little of it. This rise gas prices places a significant amount stress on any company that uses modern internal combustion engines as their main source of transportation to consider switching to the newly developed alternatives.
The two main alternatives for the modern automobile are automobiles that have combustion engines that use ethanol instead of octane and automobiles that use hydrogen powered fuel cells to drive electric motors. While the price of gasoline will no doubt remain astronomical, the costs of switching to an alternative may be even higher. This......
Join Now or Login to view the rest of this paper.
Approximate Word Count: 2595
Approximate Pages: 10 (260 words per double-spaced page) |