a few months ago, I posted a spreadsheet that would help people decide whether or not to sell their current car and buy a more fuel efficient vehicle. The national average at the time was $2.30, and I was paying about $2.15 because I was still living in Starkville.
Gas here has jumped 18 cents this week, so I thought I would revisit this little problem. As you all know, I am trying to get out of debt with a quickness. I have been pondering purchasing a Kawasaki Ninja 250 because they get about 55MPG, and my saturn gets about 26 in town (33+ on the highway, though :D )
Well, I went back into my spreadsheet and made some new fields that allow you to see how much money per week/month/year you would save by buying a more efficient vehicle. I had been telling myself that when gas hit $3/gallon here (it just hit $2.50 today) I would buy a bike. At $3 a gallon, if I bought a bike and drove the same 200 miles per week I am currently averaging, my savings would be...............$10/week.
If I paid $2000 for the bike, and my insurance and other transportation-related costs didn't change (HA!), I would have to drive the bike 38,000 miles before I actually started to save some money. Now I don't know about you, but I've never heard of a sportbike that had more than about 17,000 miles on it, so I'd probably never see any of that savings. Also, given my current driving habits, it would take me over 3 1/2 years to get to that point.
The spreadsheet doesn't account for days when weather conditions would prevent me from taking the bike, so that break even mark is probably much further out than the 3 1/2 years.
For me, it appears that the motorcycle (which I have wanted for many, many years) does not start to become economically feasible til gas hits the $10/gallon mark.
:sigh: I REALLY wanted an excuse to buy a sportbike :(