Thursday, March 20, 2008

How To Bring Down The Cost Of Gas

I drive a truck, a Ford F-150 and it gets about 15-16 miles per gallon. Last year I spent about $6,000.00 on gasoline. As just like anyone else I wish the price of gas would go down to last year's levels. But I don't think that is going to happen soon if ever. So what does a normal person do? Well first I am buying a tonneau cover that fits over the bed of the truck. Less wind resistance means an improvement in fuel consumption of about 5% for a yearly savings of $300.00. But the biggy is this, I plan to drive less. I live in the country so trips are a little bit longer but I'm retired and last year I still drove 20,000+ miles. My goal this year is to reduce my mileage by 10% or 18,000 miles. This would result in a savings of $600.00. By doing these two things I will save $900.00 a year.

If we all could consolidate trips, plan trips, and do some car pooling we could actually bring down the price of gasoline. After all the fundamental price of gasoline is driven by supply and demand. The oil companies, nor President Bush, nor the Arabs get together every morning and set the price of gas.

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