Latest word from the Energy Information Administration is that gas will peak around $3.60 in June. As the linked article mentions, there are plenty of folks who think it’s looney to imagine the price will stop there.
This, combined with the spiraling cost of… well, everything, further galvanizes my mindset to be “I’ve got to get rid of this petrol-guzzling monstrosity ASAP.” Now, those of you who’ve seen what I drive may think that I’M nuts, but remember that I drove the Festiva for all those years, and I was spoiled by its fantastic fuel economy.
I’ve mentioned to a number of people that I’ve read rumors about a Honda subcompact hybrid that is apparently still in the cards for the 2009 model year. Granted, I don’t really follow the “news” about the auto industry that closely, but until I see a picture and a photo and a MSRP for this vehicle I’m not going to bank on it. Something priced in the range they’re talking about got me to thinking about a math problem, though– feel free to take a stab at your leisure:
If I were to buy a new car that averaged 60 miles per gallon (versus my current average of 30) at a net cost of about $5,000.00, how long would it take the savings in fuel to offset the purchase price, if I drive the car 15,000 miles a year?
So that’s something I’ve got on the brain.