Good news. Gas is down to its lowest price in almost three months with the average price per gallon in the US at about $2.47. We're right in the ballpark here in South Florida where we sometimes are a little higher than the national average.
While the drop in price is interesting, the real attention grabber is how the price has changed in just a year. This time last year, according to the feds, the average gallon of gas was about $3.49 or $1.02 more.
There's another neat fact too. According to the department of Energy, the price of diesel is down $1.29 from a year ago. It's still about 11 cents a gallon higher than gasoline, averaging $2.58 a gallon.
While there are still some perceptions about diesel that need to be changed, we Americans may soon be on our way to discovering what our friends in Europe have known for quite some time – that diesel fuel is a viable and cost efficient alternative to gasoline. Today's clean diesel doesn't smell and the engines aren't as noisy as you might remember. And here's the selling point - cars running on diesel get better mileage and on the whole, the engines will last forever. Volkswagen has seen success with its Jetta TDI diesel model and the 2010 Golf TDI, with a highway rating of about 40 miles per gallon, should be making its debut in the next few months.
Wednesday, October 7, 2009
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