Wednesday, October 13, 2004

Personal finance: Gas sipping cars can save you big bucks over time - billingsgazette.com

Personal finance: Gas sipping cars can save you big bucks over time
Jeff Brown
PERSONAL FINANCE

Gas at my cheapo New Jersey service station is edging up to $2 a gallon again, thanks to $50-a-barrel oil. And my 9-year-old Sable wagon is in the shop once more, this time for a new brake line.

Events like these make you think about the joys of owning a new vehicle - one with great gas mileage.

Americans aren't likely to give up their thirsty SUVs and trucks too soon. I've got a pickup myself, and I probably always will.


But for that second car ... well, maybe some dinky gas-saver would be worth a look.

Just how much COULD you save?

The current gas-economy champion is the Honda Insight. According to a Web site run by the Environmental Protection Agency, www.fueleconomy.gov, this gas-electric hybrid gets 60 miles to the gallon in the city, 66 miles on the highway.

Assume I'd drive it 12,000 miles a year, mostly around town. At 60 miles a gallon, that's 200 gallons a year.

At $2 a gallon, I'd pay a mere $400 a year for fuel.





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