during2004 the national average gas price rose from $1.50 a gallon to $2.25 a gallon. the government has stated that the high price of gas will remain as it is. discuss how this cost influences your decision to buy a new car. based on your budget, would you buy the large car that gets 7 mile per gallon or the car that gets 25 miles per gallon?"
In my case, it influenced my decision to buy a 2007 Toyota Prius, which gets about 50 miles per gallon. I have not rdegretted the decision.
You should be able to answer the secind question. it is a nobrainer.
Think of it this way. If you drive 10,000 miles a year, you'll need about 1430 gallons of gas in the car that gets 7 miles per gallon. You'll spend about $3200 a year for gas.
If you buy the car that gets 25 miles per gallon, you'll buy about 400 gallons and spend about $900 a year for gas.
What is your decision? $900 v. $3200 a year for gas?
I made my decision years ago and drive a car that gets about 35 miles per gallon.
Based on your budget, it would be more cost-effective to buy the car that gets 25 miles per gallon rather than the one that gets 7 miles per gallon. The difference in fuel efficiency can greatly impact the amount of money you spend on gas each year.
Let's compare the two scenarios. If you drive 10,000 miles a year, with a car that gets 7 miles per gallon, you would need approximately 1,430 gallons of gas. At an average gas price of $2.25 per gallon, you would be spending around $3,200 on gas per year.
On the other hand, if you opt for the car that gets 25 miles per gallon, you would require only about 400 gallons of gas for the same distance. At the same gas price, this would total approximately $900 per year.
Considering the significant difference in the annual cost of gas between the two cars, it would be advisable to choose the car that gets 25 miles per gallon. This decision would help you save a substantial amount of money on fuel expenses.
In my personal experience, I made a similar decision years ago and bought a car that gets about 35 miles per gallon. This has been a wise choice for me, as I have saved money on gas over time.
In summary, when making a decision about buying a new car, it is essential to consider the impact of fuel efficiency on your budget. Opting for a car with higher mileage per gallon can result in significant long-term savings on gas expenses.