Over the last several years fluctuating gas prices have become a concern for drivers. Even a mid-size 4-door sedan can take over $50.00 to fill the tank, not to mention a large SUV or pickup truck. Some people say the simple solution is to purchase a smaller vehicle with more fuel-efficiency, so you don’t have to worry as much about fluctuating gas prices. In theory, this is a logical solution, but in reality, it presents some problems.
- The market is flooded with large gas-guzzling vehicles which means trade-in values are often lower than the amount owed, or private sales take a long time.
- The selection of used econo-box type cars is limited since everyone wanted to buy them.
- If you have a large family, or need to haul or tow regularly, a smaller vehicle will not work for you.
The introduction of more types of hybrid vehicles, including SUV’s, Vans and Mini-Vans, as well as Pickup Trucks and Luxury Vehicles does offer an alternative for more demanding driving needs. The downside is that the gas prices have stabilized for the moment and many of these options were not available before.
If purchasing a more economical vehicle is not an option, there are other ways to cut your fuel costs to relieve stress on your budget when prices rise. Most are obvious, but sometimes we forget.
- Carpool or share rides when possible. Do you and the person on the next block work in the same office complex? Consider alternating driving to reduce fuel usage and wear and tear on both of your vehicles.
- Public Transportation. If you area offers public transportation, consider riding the bus to work, or to do you shopping. Even if you have to drive a short distance to a bus stop, you will be using less gas.
- Plan your trips to be efficient, rather than having to go in circles and doubling back as you run your various errands. Plan your errand and appoints on the same days when possible to reduce the number of trips you take.