I'm one of the last ones to complain about gas prices - I keep track of
what it costs to run a vehicle, and gas is one of the cheaper things per
mile. Depreciation is by far the largest impact (unless you restore a
car, then parts and labor are). Insurance and gas cost about the same per
I was figuring the other day - I could sell my MGA for about $8000, and
buy a Honda insight for about $20000. That means I'm spending $12000 on a
car. The insight gets 70mpg, and I drive 14000 miles per year. So, that
would take about 200 gallons per year - at $2/gallon, that's $400 in gas.
My MG gets 26mpg - that comes out to about 540 gallons per year. At
$2/gallon, that's $1080. So for my $12000, outlay, I could save $680 a
year. That means it would only take me 18 years to break even!! At that
time, the Insight will be relatively worthless. The MGA will still be
Let's assume gas prices go up and average $3/gallon over the break even
life of the Insight - then the insight takes $600, and the MG takes $1620 -
that only takes 12 years to pay off. Hmmmmmmmmm How about $4 - Insight
at $800/year, MG at $2160/year - 8 years to pay off. Eight years from
now, a 2004 insight and an MG may be worth the same amount, but I'm
guessing that over the next 8 years, $3/gallon is a better estimate for
the average gas price.
My MG takes premium in this environment (4800 ft), and here that means 91
octane. Its currently at $2.169/gallon. I'm not happy about it, but I'm
not buying an insight anytime soon either.
Don't think I'm slamming insights. My father owns one. I've driven it,
and it is a fun car to drive. He has both versions of the Prius too, and
they are nice cars. This is what he's into, and likes - older sportscars
are what I'm into and like. I just think the mentality of spending a
bunch of money to save on gas is silly. If you're buying a new car
anyhow, and it fits in your style, a hybrid makes sense. If you're doing
it to save gas money it doesn't.
'58 MGA -----------------------|
'67 MGB |--- All of these average 26MPG
'69 Porsche 911T targa --------|
> Eric, I don't think it's so much the cost (althugh it DOES suck...) but
the increase in so
short a period of time. My Audi takes premium unleaded, and between 4/30
and 5/6 (last 2
fill-ups) premium increased 10 cents per gallon at my no-name station (to
of the locals are above $1.95 for premium unleaded (which BTW is typically
92 or 93
octane, not 98...). I know we have the cheapest gas around, country-wise,
> Fortunately I work at home so I only need to fill up once every week or
> The Garden State
> '76 MGB Tourer - Driver - It's getting better all the time....
> '65 MGB Tourer Project - Yep, still is....
> '04 Audi A4 1.8T q MT-6 - quattro, baby!
> NAMGBR #5-2328