What Does the Recent Surge in Gas Prices Mean for Philadelphia Residents?
We are all very used to oil prices fluctuating. Now, however, with Iran cutting off supplies to areas such as Great Britain and France, oil prices will sky rocket. What does that mean for us? Well, in the most basic sense of it, gas prices will go through the roof, a gallon of gas estimated to reach $5 by this summer. So, in an economic recession and with a major price increase, what are the smartest cars to purchase when you’re a Philadelphia resident?
BEST CITY CAR BASED ON MPG:
- The Nissan Leaf, by far, gets the best mileage per gallon – at a whopping 86 city/mpg. It’s MSRP is between $35,000-$37,000.
- The Scion xD, listed in the subcompact car category, gets 25 city/mpg which, surprisingly, is the best in its class. It is listed for between $15,000 and $17,000.
- The Honda Civic Hybrid is listed as the best in the small sedan class, getting 28 city/mpg. It’s MSRP is between $24,000 and $27,000.
- The Honda CR-Z, at 26 city/mpg, is the best in the sporty car category. It is reasonably priced at $19,000-$23,000. Remember, it has the added addition of being compact enough to squeeze into that small parking space on the street.
- For the best family-sized sedan, the Toyota Camry Hybrid XLE gets 32 city/mpg. This car is listed at around $27,500.
- Going for the luxury sedan? The Lexus HS Hybrid has an MSRP between $37,000 and $40,000 and gets an estimated 24 city/mpg
- SUV’s are obviously not as fuel-efficient, however, the Toyota Highlander Hybrid Limited is right up there with the Scion xD, getting 23 city/mpg. The MSRP is a little pricier at around $45,000.
- Minivans DO NOT get good gas mileage. The best one, the Toyota Sienna LE, gets 14 city/mpg and costs between $32,000 and $41,000.
- Finally, for the truck lovers out there, the Toyota Tacoma comes in at number one in the Pickup category, pulling in 13 city/mpg. You can find it priced between $22,000 and $27,000.
THE SMALLEST CARS:
The Volkswagon Beetle used to be one of the smallest cars on the street. At 168.4 inches long and 71.2 inches wide, use it to compare the size of these other compact vehicles.
- The Smart fortwo passion coupe, a two door and two seat car, is 105.6 inches long and 61.4 inches wide.
- The Fiat 500 Pop has two doors and seating for four. It is 139.6 inches long and 64.1 inches wide.
- The Ford Focus is a four door, five seater, and is 178 inches long and 104.2 inches wide.
- For a luxury car, the Lexus CT200h comes in at 170.1 inches long and 69.5 inches wide. It also has four doors and five seats.
OTHER COSTS WILL RISE
- Public transportation costs are likely to rise to pay for their additional gas prices
- Plastic goods may rise in cost because plastic is made from oil
- Food prices will begin to raise to make up for farmers’ additional costs
- USPS, FedEx, and UPS prices will increase
- If you are receiving gas heat, these prices will become higher.
With all of these increases, here’s to hoping that Iran continues its oil trade with other nations, and that oil prices drop or, at the very least, plateau.