SOUTHERN CALIFORNIA, CA. (Pain In The Pass) >> With the cost of gas soaring everyday. Is it time to dump gas to buy a hybrid or an electric vehicle. Remember the gas prices can rise and fall quickly each day.
We are paying over $1 a gallon more for gasoline than you did a year ago. In a 25-mpg vehicle driving the average yearly mileage of 14,000, that would be extra $560 out of your pocket each year. .
If your goal is to save money, this could be a bad move unless you needed a new car today. If your vehicle has been totaled in a crash, by all means look at a more fuel-efficient vehicle. While you might save money at the pump, the cost of prematurely switching from a gas hog to a fuel-sipper or electric, the average price is $18,000 different from a gas motor to fully electric motor vehicle. It would take years to pay off. Instead of switching to a hybrid or electric vehicle that don’t require the commitment of monthly payments.
It’s the worst time to buy any new or used vehicle unless you absolutely have to. The average price paid for new cars has risen by 10 times that amount from 2020. More sad news is the price of used car are up even more than that, according to Kelley Blue Book.
The key to save money on gas is pretty simple. First improve your driving style by driving slow. Keep up with the maintenance on your vehicle. Using a gas price app. Don’t wait in line for gas or food, when your car is idle for two minutes is equivalent to driving a mile down the road. Know before you go and check the Pain In The Pass Facebook Group for up to date traffic conditions on the freeways.
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