![]() may have already surged past a key EV tipping point, passing 5% of new car sales en route to 8% of sales in 2022. Mason, an economist at John Jay College, City University of New York.ĮV sales are accelerating and car manufacturers are regularly debuting new models. “If you remove our reliance on fossil fuels you remove the biggest source of inflation in the economy,” says J.W. But that’s no longer the case- today, we have new technologies that let us get off the fossil fuel rollercoaster. Most drivers had no affordable alternative to gas-powered cars and trucks, and despite utility bills fluctuating from one year to the next, consumers were still stuck with gas furnace, oil or propane heating. Until recently, consumers were stuck with fossil fuels – for better or worse. consumers sacrificed on essentials like food or medicine to pay energy bills in 2022. These surges mean hard tradeoffs for families- a third of U.S. Energy Information Administrationįor example, last winter natural gas prices rose an average of 27%, whereas electricity prices increased an average of 4%. ![]() We want this to benefit our customers.Henry Hub natural gas spot prices U.S. We can tell people we have the best fuel, the research backs it up. We are the third country in the Caribbean to get this product. The synergy fuels will only be sold at Esso gas stations in Bermuda.Lauren Lauher, Houston-based market strategy adviser with ExxonMobil, said: “We have been rolling out Synergy products around the globe.”She said the reaction to the fuel has been positive, especially with the diesel product offering.“We are seeing people switching their whole fleets over to our product,” she said, mentioning that there had been a 2 per cent efficiency improvement measured in vehicles using Synergy diesel.The launch event, held at the Hamilton Princess & Beach Club, was attended by executives from Sol and ExxonMobil, together with on-island dealers, fleet owners, corporate customer and government officials.Stephen Turner, sales manager at Sol Bermuda, said: “It’s a big deal. Collectively, those elements are said to ensure a cleaner engine with less fuel-created deposits, and more efficiency leading to “better gas mileage”.Actual benefits will be based on vehicle type, driving style and which gas you previously used.The grades of gas and diesel available are Supreme+, Unleaded, Supreme+ Diesel, in addition to mix gas. The detergent is a component designed to clean and protect intake valves for port fuel injector engines.The other ingredients are an anti-adhesion compound, a corrosion inhibitor, a demulsifier, solvent fluid, and marker molecules. Esso is an ExxonMobil brand.The fuel contains seven ingredients, including a second detergent. It’s a new feel for customer service, a real change in the branding and in the concept of what we are going to be offering.”He added: “We are in the process of doing upgrades even to the pumps, with 10-inch screens to make it easier to get information across, and tap-to-pay making it much easier for the customer to get there and get their fuel and get information.”Synergy fuels were developed by Exxon Mobil Corporation. The forecourt at the Esso stations haven’t seen an upgrade this century. Bermuda is the first jurisdiction in the western Caribbean region to have the fuel.SolPetroleum Bermuda Ltd said all Esso brand gas stations and Sol commercial customers will have access to the Synergy fuels.Ché Barker, retail sales executive at Sol Bermuda, said: “Synergy is going to benefit engines for the better.“It is also a change to the forecourt. Synergy fuel has been introduced in other countries, including the US, UK and Canada. Synergy is also a new image brand at Esso service stations on the island, which include a different forecourt look, bright red structures at the pumps and the gradual introduction of screens and eventually tap-and-go payment options. ![]() All change: Esso brand gas stations in Bermuda are undergoing an upgrade, including the introduction of Synergy fuels, said to provide better gas mileage and lower emissions (Photograph by Akil Simmons)Įsso is promising more than simply a new look at its gas stations in Bermuda.Because the fuel at the pumps is different and comes with claims it will help provide better gas mileage, lower emissions and better engine responsiveness.Esso brought leading executives to the island for the launch of the new brand of fuel, which is called Synergy and is being sold at Esso gas stations.
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