That's the promise of compressed natural gas at recent prices.But good luck finding a passenger car than runs on compressed natural gas today but more companies are converting their trucks or buying new ones that run on the fuel.
We are burning less gasoline. That may sound strange but Floridians have less of a thirst for gas.
Some of the drop can be blamed on the slower economy since the Great Recession, but also we are driving more fuel efficient cars and trucks. Except for a three-year period (2004-2006) the volume of gasoline Florida drivers are buying has fallen from its high in 2002.
Click play to hear Tom Hudson host this episode of WLRN's ongoing radio and online series, The Sunshine Economy, airing Mondays at 9:00 a.m. on WLRN 91.3 FM.
Flip a light switch, turn the ignition key or hit the start button. These are actions most of us do several times each day without thinking about where the power is coming from. Florida may have plenty of sunshine but it doesn't have any substantial supply of fossil fuels. And fossil fuels still power much of our lives.
He founded Island Company, now headquartered in West Palm Beach. His clothing designs, retail shops and now music label have landed him on Inc. Magazine's list of the fastest growing 5000 companies in the U.S. four years in a row.
Pastels in Palm Beach? Parrot Head T-shirts in Key West? South Florida has an image of a very fashionable place. On August 5, the Sunshine Economy explored the fashion industry here, but what about our sense of fashion?
Rene Ruiz makes women's dresses. Fancy dresses. In the picture to the right, he is standing with a new spring 2014 design. Ruiz designs and makes them in Hialeah. Ruiz grew up here and as his fashion design business began taking off with merchandise showing up in Neiman Marcus stores, he decided he wanted to stay in South Florida.
These are small devices used by diabetics to prick their fingers in order to test their blood for sugar. The maker of these devices, Specialty Medical Supplies, is based in Coral Springs. The company was manufacturing up to 100 million of them each month in China until June of this year, when the company's president, Chip Starnes, was taken hostage during a visit to his Beijing plant.
Lennar CEO Stuart Miller earned almost $13 million last year. That’s more than $4,000 per work hour, easily making the 55-year-old the highest-paid chief executive among South Florida’s largest companies.
Was Miller overpaid? His compensation from the national home builder his father co-founded amounted to 265 times what the Bureau of Labor Statistics said is the average annual pay for someone in the construction business. But by one measure of particular interest to shareholders, Miller’s pay may be seen as about right.
The largest home property insurance company in Florida is $4 billion shy of what its head honcho feels it needs if a major hurricane were to hit the state this season.
In a recent interview, Citizens Property Insurance CEO Barry Gilway tells WLRN Special Correspondent Tom Hudson if a once-in-every-one-hundreds-storm—say, something more destructive than Hurricane Andrew—hit the state, policyholders and possibly taxpayers could be on the hook for all that money.
The owners of HurricaneStore.com say their 72-hour emergency preparedness kit is one of the company's bestsellers. The backpack contains several items including a radio/flashlight, toilet paper, ponchos, food, and water.
L'Hermitage One Condominiums on Ocean Boulevard in Ft. Lauderdale is in an enviable location right on the beach. But when a hurricane is brewing, it's on the front lines of the storm.
On Monday's Sunshine Economy, come along as we talk with the building's manager, engineer and residents about their investment in storm preparedness.
In South Florida, we live with the risk of a big storm for six months of the year... every year. Like no place else in the U.S., we know the devastation a hurricane can bring. And the expense to protect ourselves.