SHERMAN, TX -- Imagine never having to pay at the pump again! New technology about to hit the market may make it possible--unfortunately, not in time to avoid the holiday hike in gas prices. Josh Stevenson has more on what you can expect to see in the new year.
During the holidays more people are out on the roads. All that driving means an increased demand for gasoline and an increase in demand equals an increase in cost. But that's not the only factor driving up the price at the pump.
"As the national and international economy improves it will continue to push the price of crude oil higher."
Brad Douglass of Douglass Distributing says the increasing demand for fuel, coupled with the decreasing reserves of fossil fuels, means that businesses have to get ready for the changes that are coming.
"That's why we named our company Douglass Distributing and not Douglass Oil, because we knew that oil had a limited life and that we were going to be selling everything from hydrocarbons to electrons in the case of battery charging," Douglass said.
Douglass Distributing's first step into the electrons market came in the form of a charging station at their Exxon station, on the southwest corner of Highway 75 and 82 in Sherman. While it may seem like a novel idea now, two vehicles will hit the U.S. auto market in 2011 that will be able to use the power station.
The Chevy Volt is an electric/gasoline hybrid that can go up to 40 miles without turning on the engine.
And then there is the Nissan Leaf. Priced around $32,000 dollars.
"Emissions free, no tail pipe, 100% electric, no gas engine of any kind, no oil of any kind."
Brad Ford of Red River Nissan in Denison says at least 5 people have already signed up to get a Leaf, which can go up to 100 miles on a single charge.
"Average cost to charge the batteries up to full is around 2 dollars," said Ford.
While no one is expecting gas powered cars to disappear, some economists believe that if a portion of the population switched to electric cars, the demand of gasoline could fall and along with it the price.