High Gasoline Prices, Part 2
I see that the U.S. Senate came up with an idea to lower gasoline prices that I missed in my list a few days ago: stop putting crude oil into the underground U.S. reserves. They say it will temporarily lower prices by about 5 cents a gallon. I'll take it. I paid $3.82 per gallon this morning.
As Paul Harvey used to say, "Just what, not why." On November 3, 2006, the day we American voters turned over control of Congress to the Democrats, the price of gasoline was $2.18 per gallon. That sounds like a really low price now.
posted by Pedicularis @ 10:26 AM
2 Comments:
Hybrid car, here I come!
Not necessarily. Do the NPV math taking into account your annual driving miles, price of gasoline, cost to purchase (including taxes), annual maintenance and insurance costs, miles on the car when you plan to sell it, price you plan to get when you sell it, and discount rate. You might be a lot better off with a basic, non-hybrid car if it gets over 30 mpg, especially if you drive less than 10,000 miles per year. And the big unknown with the hybrids is the battery. How long will it last? How much will it cost you to replace it? Or do you plan on selling the hybrid for $1,000 when the battery fails at 90,000 miles or so?
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