Wish me luck…

I have to buy gas today.

I’m hoping to find the lowest price in town, but I don’t want to use more money in gas to get there than I’m saving by getting the cheaper gas. Luckily, living in the city affords me the luxury of having a bajillion gas station choices.

When I used to live in the suburbs, I vowed that my next car was going to be a Prius, but now that I live in the city, and so much closer to my workplace, I wonder if it would still benefit me. This guy on NPR’s Morning Edition doesn’t think so, because gas isn’t expensive enough yet (he used $3.00 per gallon in his calculations), but the point for me isn’t so much saving money (although that’s part of it), but rather lessening the amount of gas I have to buy in a year (i.e., “my dependence on foreign oil”).

This article from CNN Money argues that the purchase of a hybrid will cost even more (in addition to the premium price) because of its high rate of depreciation.

But then, there are tax breaks for those who buy one.

However, depending on where you are, there’s a waiting list.

It’s really rather discombobulating, and I waver back and forth about whether to get one or not. Maybe I should just get a bike already.

4 Comments so far

  1. Erica (unregistered) on April 27th, 2006 @ 12:10 pm

    I think plenty of people are willing to spend extra on a hybrid car to reduce the amount of gas they use. I guess it’s a matter of which is more important to you: your cash flow, or doing something for the environment.

    Seems to me like most of the hybrid car owners I know are people who are pretty well off, or at least can easily afford the price of a hybrid car.

  2. Foster (unregistered) on April 28th, 2006 @ 10:17 am

    Bullshit. I’ve owned my 2003 Civic Hybrid for nearly three years and it’s only depreciated $155. I paid $19k brand new, it would retail now for $18,845. Look at kbb for yourself.

    I love how these mass media outlets bend over backwards to fuzzy up the math. It’s gotta be an effort to pacify the automobile advertisers. Does anyone really believe gas will get less expensive in the next 7 years, the number of years I plan on owning my car?

    50 miles per gallon. Think about me next time you fill up.

  3. Kristi (unregistered) on April 28th, 2006 @ 11:15 am

    Wow. Good to know. Finally, a perspective from an actual hybrid owner. I will think about you next time I fill up.

    What about E-85 cars?

  4. Erica (unregistered) on May 4th, 2006 @ 4:36 pm

    For real? $155? Wow.

    I’d really like to get a hybrid when it’s time for me to get another vehicle, but I’d really rather hang on to my SUV for as long as I need to drive through a MN winter. That’s probably somewhat irrational.

Terms of use | Privacy Policy | Content: Creative Commons | Site and Design © 2009 | Metroblogging ® and Metblogs ® are registered trademarks of Bode Media, Inc.