Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Edmunds.Com: 18% of New Vehicles Cost over $100 to Fill at Pump

August 07, 2008

Less than one year ago the national average price for regular gasoline was $2.96 per gallon, and many consumers simply wrote off monthly fuels costs as a mere annoyance. Those days are over, according to a study released today by Edmunds.com.

 

Edmunds.com data shows that with gas prices at $4.06 per gallon there are 60 vehicles in the new-vehicle market that cost consumers more than $100 to fill.

In a separate analysis, Edmunds.com has also calculated that the median household is spending 11.5 percent of its income on gasoline expenses, up from 4.6 percent five years ago.

A look at historical household incomes and fuel prices reveals the degree to which fuel prices are affecting consumers' budgets:

Date

 

Price of Gas
Per Gallon1

 

Median Yearly
Household Income2

 

Percent of Income
Spent on Fuel3

Jul-91

 

$1.09

 

$30,126

 

4.9%

Jul-95

 

$1.14

 

$34,076

 

4.6%

Jul-99

 

$1.19

 

$40,696

 

4.0%

Jul-03

 

$1.51

 

$43,318

 

4.8%

Jul-07

 

$2.96

 

$48,201

 

8.4%

Jul-08

 

$4.06

 

$48,201

 

11.5%

1 Energy Information Administration data

2 US Census Bureau data. Last reported year is 2006; 2007 and 2008 income figures are assumed the same as 2006

3 Assumes 30,000 miles driven per household per year and 22 miles-per-gallon average fuel economy

As shown by Edmunds.com data below, the number of models on the market that cost over $100 to fill is on the rise.

Price of Gas
Per Gallon

 

Number of Models Costing
Over $100 to Fill1

 

Percent of Models
Costing Over $100 to Fill

$3.00

 

20

 

6.0%

$4.06

 

60

 

18.0%

$5.00

 

149

 

44.6%

$6.00

 

243

 

72.8%

1 Assumes models are purchased with largest tank available

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

An abbreviation for greenhouse gas.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.
 

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher