Chart Of The Day: A Look At Global Gas Prices
From Zero Hedge, a look at global gas prices, with New York City as the benchmark. A look at the price of a liter of gas (multiply by 3.8 for the gallon equivalent) gives a better picture of the choices that people make around the world when it comes to buying cars.
While European countries are well known for having expensive gasoline (and subsidised diesel fuel, to boot), I didn’t realize that Australia, land of the V8 muscle car, was such an expensive place to fill one’s gas tank. No wonder the Aussie car market is shifting from the Falcadore to the Corolla and the Mazda3 – to say nothing of diesel, Thai-built trucks replacing V8 Utes.
Another oddity is Rio, where an ethanol-heavy energy strategy still yields little in the way of cheap gasoline. Perhaps Marcelo can shed some light on this?
This is part of the reason I just bought a 2014 F150 with a 5.0 liter V8 and a 36 gal fuel tank. I think this is in many ways the quintessential "American" vehicle. Huge, with a V8. And I want to enjoy it before the America I grew up in goes straight into the globalization/overpopulation crapper. It helps that I live in an area that generally has some of the lowest fuel prices in the country. I've only put gas in it once since I bought it (and insisted the dealership fill it up). $3.23 a gallon (or $0.85 cents a liter). I feel even better about my choice after seeing that chart, and I've got a 2% cash back on gas credit card to boot.
@highdesertcat - yes and no. I agree that if someone cannot afford to run a truck or any vehicle for that matter, they shouldn't buy it BUT irregardless of the fact that I can afford it, forking out 180 dollars for a tank of gas has some bite to it.
@highdesertcat - funny story (but not for your friend). Our provincial government passed a law that if you are 40kph (25 mph)over the speed limit means an automatic 7 day vehicle impound and fines. They also have a speed limit even on freeways of 100 kph (62.5 mph).
The price of fuel does not have as much of an effect on me as it did when I lived in the country and I commuted 70 miles a day round trip to work. Now I drive a couple of miles to the bus stop and I telework a couple of days a week. I have been combining my trips for years. My vehicles are not too bad on fuel but they are not the most fuel efficient. I went from putting 15k miles a year to 5k. I try to time my purchases around when gas is the cheapest but that is not always feasible. I can keep my vehicles longer and spend less on maintenance because I drive less than I have in the past but I realize that not everyone has that option. So yes I do gasp when I fill up an empty tank on my trucks but I don't really fill up that often. Since I am getting close to retirement I do want a more fuel efficient vehicle but then I want a certain type of vehicle that is more functional which is one reason we bought a new CRV last year. Crossovers are not the most efficient vehicle but it is a compact and it is more efficient than the larger alternatives and it is more functional. Buy what you can afford and what best meets your needs.