Daily Fuel Economy Tip

Is a Nano the Right Car for You?

Back in March of this year, the Tata Nano — dubbed “The People’s Car” due to it’s affordability — was unveiled in India, causing quite a stir around the globe.  During the booking period, which ran from April 9 through April 25, nearly a quarter million were sold, with actual delivery beginning in July.

While the basic model of the Nano is relatively stripped down, the car has been widely hailed as revolutionary due to it’s most important feature: it’s $2,500 price tag.  This price makes the Nano the cheapest/least expensive production car in the world.

Considering the tough economic times many of us our facing, coupled with the general woes of the U.S. auto industry, the idea of a small, fuel efficient and very cheap vehicle is certainly very appealing to the American consumer.  That being said, would these factors be enough to make it worth it to Tata to sell the Nano in the United States?

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Price of Gas Back Above $2

The average price of gasoline has climbed above the $2 mark yesterday, marking the first time since mid November 2008 that gas prices have been so “high.”  Since the the first of the year the price of gasoline has risen 25%, or roughly 40 cents per gallon, and chances are pretty good prices will continue a gradual climb through the summer months.

Currently 27 states and Washington, D.C. are reporting an average gas price above $2 per gallon, with Hawaii being the most expensive at $2.50.  Utah currently has the lowest state-wide average price at $1.79 per gallon.

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Mother Nature Would Like to Have a Word

While I certainly can’t speak for everyone, it certainly seems to me that the call to go green, especially with regards to oil, gasoline, driving less, and more fuel efficient vehicles, has sort of been muted as of late.  I also think the explanation why is obvious.

I have long subscribed to the theory that if you want people to pay attention, take action, and make changes, you’ve got to hit them where it counts: in their wallet.  This is why I don’t think it’s a coincidence that the cries for becoming more environmentally friendly grew louder as gasoline prices climbed higher.

On the flip side, I think this is also why many of us seem to not be as concerned about the environment — or at least trying to make immediate changes — as we once were.  After all, the price of gas has fallen about 50% from it’s peak.

But, one opinion does not a fact make, so I thought I’d pose the following question to my Daily Fuel Economy Tip readers: Are you less concerned about environmental issues now that gas prices have fallen over 50 percent?

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$4 Gas and A Financial Mess

Whether you’re fearing for your job, or watching your retirement account get smaller with each passing day, you’ve been affected to some degree by the dramatic downturn in the U.S. economy.  You’re probably spending less money, and making an extra effort to make sure that the money you do spend goes a lot further.

Without a doubt, times are pretty tough.

Now, just imagine what it would be like if $4 gas came back and compounded the economic problems.  Would you be able to make it financially?

According to a recent poll on Daily Fuel Economy Tip, nearly three out of every 10 people would experience a severe financial hardship if gasoline prices were to return to $4 per gallon.

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Worried About $4 Gas in 2009? You’re Not Alone

The stock market is cratering, home prices show no sign of bottoming and unemployment may very well hit 10% or higher this year.

In the past six months, essentially an entire decade of “created wealth” has been erased.  Surely things can’t get much worse this year, right?

Apparently they can, says a recent poll on Daily Fuel Economy Tip.  According to a survey of nearly 300 people, nearly half expect $4 gasoline to return during 2009.

The poll asked “When do you think gas will return to $4/gallon?”  Here’s how the responses broke out:

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