I think it would be more balanced if Hgl fuel has less fuel value (so it gets used up faster). This way it can still be used to make cars go brrrrr, and with mods like Bruner Fuel Bouse (makes burner things like furnaces faster depending on the acceleration of the fuel) to achieve fast-working machines while being balanced. :)
I probably should have marked this as a suggestion instead of a bug, my bad.
EDIT: Making the fuel types' speed, acceleration and fuel value configurable would be really cool.