Do The Math Mondays #4

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In this current economic climate and with the ever increasing price of a gallon of gas, many are scrambling to rid themselves of their larger gas guzzlers and are opting for smaller cars that are more fuel efficient.  So here is some food for thought.

National averages show that the average miles driven per year range from 12,000 to 15,000.  The current average price for a gallon of gas is approximately $3.00.

So using these stats, if the car you choose to drive gets 30 miles per gallon (using the 15,000 miles driven and the $3.00 per gallon) you will spend roughly $1,500.00 annually on fuel.  Now using these same figures on a car that averages 20 miles per gallon, you will spend roughly $2,250.00 annually on fuel.

A clear savings of some $750.00 annually sounds pretty appealing, but when we look at it another way, it seems rather insignificant.  Taking the $750.00 savings and dividing it by 365 days equals $2.05 per day, in a given year.  Think about the many times when you have rented a car for business or pleasure.  If the rental car agent told you that you could upgrade to a larger, more comfortable vehicle for a mere $2.05 per day, you most likely wouldn’t hesitate to switch.

At the end of the day, cars these days are very fuel efficient, for the most part.   Just be cautious and aware when taking drastic measures in the hopes of saving lots of money on fuel and whichever vehicle you choose to drive, remember proper maintenance is the key to maximum performance and fuel effeciency.  Do the Math.

One Response to “Do The Math Mondays #4”

  1. Jeanne Ritz Rollier

    I love this blog! Your entries are logical, informative and to-the-point. It’s a nice addition to an already great website. I look forward to reading more!

    Reply

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