Fuel Economy Savings

The high price of gas is driving the increase in fuel economy for new cars.  Here’s the reason.  The higher the cost of gas, the higher the cost per mile of travel.  It is difficult to change the market price of gas, but it is possible to change to a more efficient car.  A four cylinder is the best choice in this case.  The chart below shows the cost per mile for $3.00/gal gas.

The x-axis is mpg, and the y-axis is cost per mile.  RVs are at the low end of this scale at around 5-10 Highway mpg depending on the setup.  Trucks are next at 10-20 MPG.  Large cars and performance cars are around 15-30 mpg.  Economy cars and hybrids top the chart at 30-55 mpg.  Each group of cars is significantly less expensive to operate than the last.  That’s where the change is.  People are trading in their RVs and trucks for less costly to operate vehicles.  The furthur to the right on the chart, the less percent increase there is in the money spent on gas.  11-13 mpg is a more significant change than 31-33 mpg.

Note that the change from 11-13 MPG is more significant than 31-33 MPG.  There is decreasing benefits once a certain Fuel Efficiency is reached.  The limit is eventually reached due to the laws of thermodynamics.

Note that the change from 11-13 MPG is more significant than 31-33 MPG. There is decreasing benefits once a certain Fuel Efficiency is reached. The limit is eventually reached due to the laws of thermodynamics.

About Steve @ FPO
Hello FPO readers, I have been writing on financial topics for about 12 years now, but I have only recently reignited the fire of publishing online. I have to say, its good to be back. I am an electrical engineer by trade who enjoys all topics engineering and financial. I started Financial Place Online (FPO) to create a value added financial news and education website that would provide a refreshing daily financial read. Financial Place Online websites are built around the principles of consumer empowerment, leveling the playing field, zero spam tolerance, and none of those annoying sidebar or banner ads. For us, it's all about enjoying a good read.

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