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Feeling the Burn from Costly Gas

Fri Apr 1, 4:59 PM ET Business - BusinessWeek Online

By Janet Ginsburg and Ilma Ajanovic

Every time the price of oil goes up a buck, America's national economy takes a multibillion-dollar hit. But what about your personal economy? Exactly how much is increasingly pricey gasoline costing drivers?

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Since 2000, the average price of a gallon of self-serve regular gas shot up 39%, from $1.51 to $2.10. With record-breaking oil costs and seasonal summer price hikes, experts see no relief in sight. "The price at the pump will more than offset any increase in Saudi production," notes Trilby Lundberg, publisher of the Lundberg Survey, a market researcher that tracks the industry. Some experts predict gas will hit $3 a gallon in some parts of the country within a few months.


LIGHTER WALLETS. To find out how this affects your fuel bills, BusinessWeek Online has put together a list of the 20 most-researched vehicles on car-information site http://www.Edmunds.com and calculated the cost of operation per 10,000 miles, based on the Environmental Protection Agency's city mileage ratings, across a range of gas prices. We included hybrid models like the Toyota Prius, as well as a Hummer and a Mini Cooper (the EPA has no ratings for Hummers, but 12 miles per gallon is a reasonable -- and more likely a generous -- estimate).

If you chalk up 20,000 miles per year, double the totals. If you drive mostly on the highway, your costs will be lower. But in all cases, drivers' wallets will be lighter -- by hundreds of dollars.

Cost over 10,000 Miles at Various Gas Prices Type of Car (miles/gallon*) $1.51/gallon $2.10/gallon $2.50/gallon $3/gallon

H2/Hummer (12**) $1,258 $1,750 $2,083 $2,500

Ford F150 (14) $1,079 $1,500 $1,786 $2,143

Nissan Pathfinder (15) $1,007 $1,400 $1,667 $2,000

Toyota Tacoma, Honda Pilot, Infiniti G35 (17) $888 $1,235 $1,471 $1,765

Toyota Highlander, Toyota 4-Runner, Ford Mustang, Ford Escape, Lexus RX 330 [18] $839 $1,167 $1,389 $1,667

Toyota Sienna, BMW 3 Series, Honda Odyssey (19) $795 $1,105 $1,316 $1,579

Acura TL (20) $755 $1,050 $1,250 $1,500

Honda Accord EX (21) $719 $1,000 $1,190 $1,429

Honda CR-V (22) $686 $955 $1,136 $1,364

Nissan Altima (23) $657 $913 $1,087 $1,304

Toyota Camry, Mazda 3 (24) $629 $875 $1,042 $1,250

BMW Mini Cooper (25) $604 $840 $1,000 $1,200

Honda Civic (29) $521 $724 $862 $1,034

Ford Escape Hybrid (36) $419 $583 $694 $833

Honda Civic Hybrid [48] $315 $438 $521 $625

8) 8) 8) Toyota Prius (60) $252 $350 $417 $500 8) 8) 8)
( 8) added)

* EPA city mileage ratings

** estimate

Source: Gas price data for self-serve regular is from Lundberg Survey Incorporated
 
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Sure Happy!

I am sure happy on Friday, April 1 that I found a local dealer with a Prius silver metallic Option 1 arriving at dealership on Monday, April 4!! Gasoline prices at $3.00 a gallon are a good bet by June :lol:
 

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Re: Sure Happy!

RSnyder said:
lowspeed said:
Its really unfair to compare using EPA rating.
I thought the only fair use of EPA rating was for comparison between cars.
I agree, you need a common source for the mpg estimates to do a comparison. The only two I know of that are sufficiently independent, universal & documented would be EPA (regardless of how realistic they may or may not be) and Consumer Reports.

I suspect if CR #s were used, the relationship amongst vehicles would stay the same, but the absolute dollar #s would vary upward for all vehicles compared.

CR does talk about cost of gas in their individual ratings, but I have not seen them do a similar comparison across the board.
 
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