Entering the July second weekend, travelers saw a 30 cent hike in gas prices.
There is a wealth of reasons why oil prices soar. Oil companies conduct yearly maintenance through the spring to early summer when many people have plans which are not elastic; the most appropriate example being holiday travelers.
But another factor is the rapid growth in large-scale speculative trading around oil prices through the oil commodities futures market.
Knowing how volatile oil prices can be, it makes more sense than ever to take the plunge into driving an electric vehicle. Sure, it does not wholly eliminate the need for gas, (Most electric vehicles also use gas generator) but it will greatly reduce my personal dependence on oil.
Recently a friend purchased a Chevy Volt and noticed immediate savings. His monthly gas costs were as high as $150 a month. Since purchasing an electric car, he now spends $30 a month for gas. Many assume the cost of charging an electric car would drive the electricity bill through the roof; however, his electricity bill only increased $30 a month. Total savings: $90 a month.
Personally, I have very similar car costs and would greatly appreciate the extra room in my wallet. I also am pleased with the latest designs for electric vehicles. Chevy’s Volt is sleek and quite tempting to be my next auto purchase.
Make Your Next Auto Purchase an Electric ,
ReplyDeleteDarthSlymer ,thank you for information on an Electriccar due to price hike in gas , or fuel mainlly due to commodities futures market.
Can you , answer to my Question ,
What will I do with an Electric Auto in Country Like India Where there is a sortage of Electric Power Supplly ,as of Now I am facing a pwer cut of more than a 8 hrs in a day .?
Patelnrp, the electric auto proposal makes more sense for citizens in the U.S.
ReplyDeleteDo you think green technology(wind or solar panels)would help your fellow citizens of India?
The way petrol, oil and gas prices are rising day by day, definitely people would slowly turn into buying electric auto as their next option. With these prices soaring high, a time will come when people can only travel by electric cars or public transport and their gas cars will become a piece for museum.
ReplyDeleteI also worried about my bike now a days oil price are hike day by day so i am thinking to buy electronic bike . I will defensively purchase it .
ReplyDeleteI don't believe that shifting from oil to electricity is not a permanent solution for the soaring fuel prices around the globe, especially in the US and India. Once more and more people start using electric cars the price of electricity will shoot up. Someone should step up and try to find a permanent solution for this problem. The best way to tackle this is to develop some renewable fuels, which are cheap and abundant.
ReplyDeleteSreenath,
ReplyDeleteShifting from oil to electricity is the permanent solution!
No matter what, electricity is the next phase of automotive power. Think of buying an electric vehicle as being, "ahead of the curve". When alternative fuels are developed, these fuels will provide energy to our power plants which will in turn, power your electric car.