Concerns about America’s future have run rampant since the night of November 8th, 2016. Suddenly, we’ve come to see our own social-media-driven bubbles, the emergence and impact of fake news, and how easy it is to accept what we already believe while adopting blinders for anything else. Questions have arisen regarding how the American government will amend laws surrounding health care, taxation, and even the auto industry.
Looking for good, basic transportation? You can’t do much better than the used subcompact market, whether you’re searching for a used car or crossover.
But don’t think you’ll save only in the subcompact used-car market. Smart maneuvering could afford you savings in other segments as well….
According to the latest research from Black Book, which evaluates the used-car market by attending hundreds of used-car auctions a week, both used cars and crossovers have shown price drops far exceeding anything else in the used-car universe.
Five years ago a car like this would have been considered a gift from the heavens, but today Toyota is trying its best to keep it relevant. The same can be said for the new Chevy Volt, which comes with 53 miles of electric range and a gas-powered engine good for a total of 430 miles.
Cars that use fuel sparingly find themselves in a tough market now that gas is well below $3 per gallon. The battle will only get harder if predictions of sub-$2 gas hold true.
We’re all well aware that gas prices are absurdly low. Filling up my Audi Q7 used to approach $100, and now I can comfortably fill up for under $50. Prices are well below $2.00 per gallon, which harkens back to the good times of nearly a decade ago.
Of course with cheap gas, American drivers seem to forget that prices were ever high. Check out this quote from CNN:
With fuel prices steadily dropping, SUV and crossover sales climbed 11.8% higher last year. Now, with gas below $2 a gallon at most U.S. gas stations, that trend is expected to continue.
Instead of being thrilled that gas is cheap and keeping fuel-efficient cars to make the savings even bigger, we go right back to our SUV addiction. You know what that’ll do? That’s right. Welcome back, $4 gas.
Well look at this, friends: Gas prices are now below $2 per gallon.
Back in 2010, we could have looked ahead to 2015 and wondered how close we’d be to $5 per gallon or more.
Last time we paid this low a price for gasoline, Bill Clinton ran the country, and music came on shiny round discs.
That might be a bit of an exaggeration, but it seems accurate as far as I can remember.
Gas selling at $1.99 per gallon in my area brings back memories of listening to Vanilla Ice, rolling in my 5.0 and putting $10 in my tank to nearly fill it.
Should gas really be this cheap, or should the government step in and increase prices to encourage people to drive more efficient vehicles?
Don’t be deceived by the gas signs when traveling abroad.
Gas prices here in the States are about as high as they’ve ever been, hovering just below $4 per gallon in my area. The premium stuff is $3.89 at my corner station.
That makes filling up my SUV a major account drain. In fact, there should probably be men in suits and dark glasses verifying account balances before drivers are allowed to enter a gas station’s general proximity.
Having a rig that gets 20 miles per gallon, tops, is expensive. Unfortunately, it’s also necessary when you have a family of 6 and enjoy adventurous car camping trips in another country.
A Toyota Prius just isn’t going to cut it.
There are some odd stats out of the fossil-fuel world these last couple of days:Fuel prices are up across the country, which is disturbing but not particularly odd. Families paid an average of nearly $3,000 for fuel in 2012, or about 4% of the average household annual income. That’s the highest percentage in about 30 years. Again, sad, but not surprising or odd. The amount of miles traveled by each household has increased significantly over the last 30 years, which seems to be in line with all these other trends.
So what’s the odd part about this latest news?
I may have picked the wrong time to go to Los Angeles.
October is normally a nice time to visit, as the heat has eased off and the perpetual smog and/or fire smoke has been cleared by the freshness of early Autumn. This year, though, my timing to visit Southern California could be some of the worst yet. Not because of fires or earthquakes or Academy Awards ceremonies, but because of gas prices.
You’d be hard-pressed to find a city more reliant on personal transportation than L.A., with miles of freeways all jam-packed with frustrated motorists burning fuel while slogging toward the next interchange.
Fuel that now costs, in some places, over $5 per gallon.
How does gas at under $3 per gallon sound?
When I was 17 and paying just over a dollar a gallon, I would have punched the future me in the face for being excited about $3 gas. But with recent fears of $5 gas on the horizon, news of prices dropping back below three bucks is a welcome development.
At that price, we can stop buying over-priced Eco cars and start drag-racing our Escalades on the way to the grocery store again.
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: