With Gas Prices Dropping Like A Rock Are You Considering A Thirstier Vehicle?

Those low gas prices on station signs aren’t going away soon, the government says.

In a dramatic shift from previous forecasts, the Energy Department predicted Wednesday that the average price of gasoline in the U.S. will be $2.94 a gallon in 2015. That is a 44-cent drop from an outlook issued just a month ago.

If the sharply lower estimate holds true, U.S. consumers will save $61 billion on gas compared with this year.

Rising oil production, particularly in the U.S., and weak spots in the global economy have led to a sharp reduction in oil prices over the past four months. Not seeing much of a change ahead, the government cut its forecast for global oil prices next year by $18 a barrel to $83.

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Terry989 - 11/13/2014 3:01:57 PM

+5 Boost

I don't understand the concept of wanting to buy a "Thirstier Vehicle" based on gas prices at any one point in time. Buying a car is usually a 4 to 6 year investment, yet people seen to plan with a day to day line of sight. Most people can't plan there way out of a wet paper bag. This also goes a long way to explaining why a high percentage of individual retirement accounts are underfunded.

JDMUSMuscle - 11/13/2014 6:57:53 PM

-5 Boost

That's basically how the Americans see and live. Just look at how things are today, and decide everything that should be regarded as a 4~6 year investment based on the situation of just one or two days.

Now you know why the U.S. is declining.

tecnopolis - 11/13/2014 3:58:49 PM

+3 Boost

..all that about gasoline futures might be true. That is until someone farts in the middle east and analysts get nervous causing prices to shoot up again.

TauronB2G - 11/13/2014 8:12:58 PM

+3 Boost

Buying a thirsties vehicle would be kind of short sighted. I don't purchase cars based on gas prices. I purchase based on need and what I like.
T

MDarringer - 11/13/2014 10:50:08 PM

-1 Boost

We've identified the Prius-driving, Whole-Foods-shopping DeMoncrat

TauronB2G - 11/14/2014 7:57:48 AM

+2 Boost

How wrong are you? I drive a V8 Mercedes convertible...dingbat!
T

skytop - 11/13/2014 9:05:24 PM

+1 Boost

I want the biggest, heaviest and most comfortable gas hog I can find. A real Yank tank would do nicely. I missed the age of cheap gas and am I eager to enjoy it now.

Sciros - 11/13/2014 9:33:27 PM

+2 Boost

Hahahah yes, I was also waiting until oil barrels got cheap enough so I can get an M1A1 Abrams tank.

MDarringer - 11/13/2014 9:24:03 PM

+1 Boost

I say lease thirsty and fun and turn it back in when gas prices are psychotic again in 2-3 years

dwagent - 11/14/2014 12:51:17 AM

+2 Boost

Yeah...because I always trust government forecasts.

HoustonMidtown - 11/14/2014 6:34:56 AM

+2 Boost

I don't understand how they make it seem that gas prices dropping all of a sudden means people have a ton of extra money laying around....gas prices here are about 30 cents per gallon less than last year...that saves me $4.50 per fill up which I do once per week...that's a whopping $18 per month I have to play with....woo hoo...Im going to buy a Bentley now that I have all this extra money...

ATrain - 11/14/2014 7:31:05 AM

+2 Boost

If I think about what drives my buying behavior, the following elements come into play. I've tried to line-up weights but these are pure guesses based on 'time spent' on the topic if you will... Of course, the weights differ for my Home Depot hauler vs. my track toys. Moreover, for some purchases, one criteria may lead to a go-no go decision while for another type of purchase, it's simply a weight.

50% Performance
20% Appearance
20% Perceived reliability
5% Fuel economy
5% Convenience

All-in-all, I'd say cost of gas would be a consideration but only as a tie-breaker. So no, right now, a 'forecast isn't a factor...

gkearns56 - 11/14/2014 9:51:00 AM

+1 Boost

Hey AutoSpies, why don't you do a blog using ATrain's idea. See what criteria that we use when buying a car.

TehShibbs - 11/14/2014 1:12:57 PM

+1 Boost

My Camaro, even with the 6.2L V8 gets 26mpg pretty easily.
I can't complain about a 500hp car (after mods) that gets 26mpg.

JIEACE - 11/14/2014 1:32:03 PM

+1 Boost

what a silly question - the type that encourages short sighted behavior ...

MorePower - 11/14/2014 5:11:53 PM

+2 Boost

If you can afford it, ditch gas all together and get an Electric!

Regardless of what the price is for you, 91 octane is still north of $3.60 in town, we all know prices will go up again.