Edward Ballou
EF4
This is a double post from Bar & Grill, but I thought it warrants it's own consideration and talk. Also it seemed a little more real with rumors of $4 a gallon.
With skyrocketing gas prices, now is the time to make up that money you'd save. It's either that or a smart car - www.smart.com/smart_uk/smart_uk_start.html
A little cost analysis for you regarding hybrids...using the Honda Insight as that's the most economical car model.
A hybrid typically costs $6,000 more than its non-hybrid counterpart (a Honda Civic).
To find out how many more miles you have to drive to make up that $6000, use the following formula
Variables for you math people:
P = Price of Gas
G = Avg. MPG of car that gets better gas mileage
L = Avg. MPG of car that gets worse gas mileage (I used 27 for my Escort)
M = Miles to drive to make up your 6000
6000 / ( P/L - P/G ) = M
Some extra analysis if you care:
1) Using the Insight(avg. 63.5 MPG):
- If gas was $2.50 a gallon: 112,734 miles
- If gas was $3 a gallon: 93,945 miles
- If gas was $3.50 a gallon: 80,524 miles
- If gas was $4 a gallon: 70,459 miles
2) Using a Civic Hybrid(avg. 48 MPG):
- If gas was $2.50 a gallon: 148,114 miles
- If gas was $3 a gallon: 123,428 miles
- If gas was $3.50 a gallon: 105,796 miles
- If gas was $4 a gallon: 92,571 miles
So basically, if gas prices go higher then it's good for you (as you recuperate that money faster). The bad thing is that you have to drive a long ways to make that money up (which isn't much of a problem for a chaser that goes cross country).
With skyrocketing gas prices, now is the time to make up that money you'd save. It's either that or a smart car - www.smart.com/smart_uk/smart_uk_start.html