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Posts Tagged ‘$5 per gallon gas’

Gas Crises? If You Have One of These Cars, Sell Now!

February 28th, 2012

Though our friends in England, Germany and Australia won’t take pity, word has it that gas prices in Los Angeles are quickly approaching $5 per gallon. That may not have put a dent in many celebs’ plans to drive their supercars to the Academy Awards last weekend, but that price is a huge budget-killer for most of us. (And a reason for some companies to ramp up their free gas campaigns!)

With no immediate signs of a retreat in prices through summer, it’s probably time to re-think your decision to buy that Suburban you thought was a good idea in 2009. Yes, that’s the last time gas dropped below $2 per gallon. If you took the bait and bought a new car back then thinking we were safe from high fuel prices, guess again. You should consider placing your fuel-chugging ride in the CarGurus used listings and sell before prices really explode. Especially if you drive one of these:

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