Ready For Higher Gas Prices?

By

Automotive Editor

Armaan Almeida was an Automotive Editor who produced buying guides and sneak previews, in addition to publishing daily news stories and tracking monthly deals, incentives and pricing trends from Toyota, Nissan and Lexus.


, Automotive Editor - February 20, 2015

Even with today's cheaper gas, it makes sense to opt for the Crossover vs. the SUV.

Two dollars and fourteen cents. It'll buy you a loaf of bread. Or if you go halfsies, a quarter-pint of Ben & Jerry's Chunky Monkey ice cream. It will also buy you a gallon of 87-Octane gasoline in most states. But according to a survey released earlier today by the Consumer Federation of America, that, like Chunky Monkey--won't last.

The Future of Fuel Prices

In fact, most Americans who were surveyed believe that fuel will rise 50 percent to $3.20 in the next couple of years. But, it only gets worse: in five years, most believe that gas will jump to $3.90 per gullible gallon. That's a massive 80 percent jump. Which leads us to do our one good deed for the day: to convince you to buy the most fuel-efficient vehicle you can that meets your needs. Not your wants. Your needs. I want a 545-hp 2015 Nissan GT-R. But it doesn't make financial sense, especially on everyday commutes.

If You're In the Market for a Car

The key here is to stop and think. Really, really think. Not just about tomorrow or next month, but about 2-3 years down the line. When gas hits $3.90/gallon, do you really want to be stuck with an extra-large SUV that gets 14 mpg? Sometimes we forget how much the cost of gas really impacts our monthly bank statement. Take a look at the table below. Just a disclaimer: this is not an exercise to bash a particular make or model. It's simply to help get your mind over the hurdle of thinking short-term.

Buy the Crossover

Example 1:

Buying a 2015 Subaru Outback over a 2015 Ford Expedition will save you $42,110 over 5 years.

Subaru Outback



2015 Ford Expedition (4x4) vs. 2015 Subaru Outback (AWD):

Model Base MSRP City/Hwy Fuel Cost $2.14/g Fuel Cost $3.90/g Fuel Cost for 5 Years Total Savings for 5 Years
2015 Ford Expedition (4x4) $47,965 15/20 mpg $1,834 $3,343 $16,715
2015 Subaru Outback (AWD) $25,745 23/33 mpg $1,107 $2,017 $10,085
Total Savings: $22,220 $727 $1,326 $6,630 $42,110

See a side-by-side comparison of the Ford Expedition and Subaru Outback here »



Example 2:

Buying a 2015 Honda CR-V over a 2015 Nissan Armada will save you $26,420 over 5 years.

Honda CR-V



2015 Nissan Armada SV vs. 2015 Honda CR-V LX:

Model Base MSRP City/Hwy Fuel Cost $2.14/g Fuel Cost $3.90/g Fuel Cost for 5 Years Total Savings for 5 Years
2015 Nissan Armada SV (4x2) $39,055 13/19 mpg $2,006 $3,656 $18,280
2015 Honda CR-V LX (4WD) $24,325 27/34 mpg $1,052 $1,918 $9,590
Total Savings: $17,730 $954 $1,738 $8,690 $26,420

See a side-by-side comparison of the Nissan Armada and Honda CR-V here »

When you put all the numbers in front of you, it makes sense to opt for a more fuel efficient option.

Note: Costs determined by factoring in 15,000 miles driven per year. Total savings equate to model price difference + fuel cost over 5 years.

We totally get that the models are different, but the smaller, more fuel-efficient models can still do what the larger SUV can, including transporting 5 passengers and 4 suitcases. More importantly, both the outback and CR-V make outstanding daily drivers, especially for the majority of single-occupant commuters.

Do you disagree? Let's hear it in the comments section below.

, Automotive Editor

Armaan Almeida was an Automotive Editor who produced buying guides and sneak previews, in addition to publishing daily news stories and tracking monthly deals, incentives and pricing trends from Toyota, Nissan and Lexus.


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