Whether you drive a $30,000 or a $1,500 a car, one variable in life stays constant.
You want to minimize your costs.
Last week in a speech at Daimler owned Freightliner truck plant, President Obama said that the new 55mpg CAFE standards will save a typical American family $8,000 a year on gasoline. That would be great news to most American drivers if it were true but the president took political science and law courses in college, not math. Or maybe his math isn’t off. (Read More…)
A brief piece in the Wall Street Journal’s “Dealbook” discussed the potential of natural gas powered vehicles, largely as a way to stop falling prices for natural gas.
One hope for many natural gas producers reeling from collapsing prices is wider adoption of natural-gas-powered cars.
The biggest hurdle so far: lack of infrastructure to refuel them.
But Steven Mueller, CEO of Southwestern Energy, says if 10% of passenger cars were powered by natural gas, gasoline prices would fall by $1.60/gallon and gas producers would get 4 billion cubic feet/day in demand.
TTAC commentator/writer David Holzman writes:
My ’99 Accord 5speed with 200k on the clock needs a new gas tank. The fuel pump is inside the gas tank. Should I get a new fuel pump with that gas tank? Changing the tank will cost about $600; including a fuel pump will add $300. I’m planning to keep this car another year and a half to two years, at which point it will have about 230k. (Read More…)