There seems to be no stopping the oil companies, as the price at the pumps continues to rise to astronomical heights for a myriad of reasons, valid or not. Civil wars in Nigeria, international conflicts in Iraq, hurricanes and other storms at home and abroad are all reasons gas companies posit to defend their outrageous gouging.
In the face of rising gas costs, many consumers are beginning to consider the option of a hybrid vehicle- one which operates on both gas and electricity. All of the models of hybrid car will save money in terms of gas expenditures, but are they really effective when all of the costs of maintenance and other considerations are factored in?
Right off the bat, consider the cost of buying a hybrid vehicle. Depending on the model, hybrid vehicles can cost anywhere from $2,000 to $5,000 more than the equivalent non-hybrid model. These prices need to be stacked up against the savings that a hybrid car owner would gain in gas, factoring in the mileage needed. One report by Edmunds, for example, shows that huge price increases in the cost of gas would need to take place, or the vehicle owner would need to put on some serious mileage, in order for...
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