Drivers won’t change their habits until gas costs more than $4 per gallon, says the car leasing website LeaseTrader.com. REALLY?
AAA calculates the national average price for a gallon of regular gas is already at $3.47. Last year the average was just $2.70. In my neighborhood, I’m already seeing $3.59 a gallon.
At what gas price do you start changing habits?
When filling my 12.5 gallon tank hit $50 two years ago, I freaked out. I began riding my bike to do errands around town and carpooling whenever possible. Incremental increases don’t seem so big until you realize how much it adds up to. I’m not the only one who took note back then. When gas prices spiked in the summer of 2008, 78% of all SUV/truck transfers were due to high gas prices, according to LeaseTrader. Now, gas prices are the reason behind just 16% of SUV/truck transfers.
I’m giving up my car for 40 days (for Lent) starting Mar. 9, so I won’t have to worry about gas prices in the short term. Scary thing is that I doubt gas prices will come back down before I start driving again on Easter Sunday, Apr. 24, 2011. The combination of rising gas prices and my temporary auto sacrifice may convince me to give up my car for good.
Are you content to pay $4 per gallon?