BlkynB

Champion Author
San Diego
Posts:19,285 Points:2,409,465 Joined:Feb 2006
|
Message Posted: Dec 15, 2006 2:07:42 PM
Tang,
Your gas must be much cheaper than we pay. I just posted nine prices since I had a lot of errands to run this morning. Lowest price was 2.45, highest 2.69. The mean was 2.5275, the mode 2.53 and the median 2.53, ergo the lower my estimate of your total miles driven. Your lower prices would yield more miles for the amount you quoted for gas.
|
technojeep

Rookie Author
Texas
Posts:49 Points:26,650 Joined:Dec 2006
|
Message Posted: Dec 15, 2006 1:04:57 PM
At least US$0.05/gal (1.5CA¢/l) cheaper
|
Panama19

Champion Author
Louisville
Posts:25,345 Points:2,546,235 Joined:Sep 2005
|
Message Posted: Dec 15, 2006 12:40:51 PM
AzDriver, haven't seen that since the '70s.
|
computersrme

Champion Author
Des Moines
Posts:13,295 Points:2,656,090 Joined:Oct 2005
|
Message Posted: Dec 15, 2006 12:05:23 PM
At least 5 cents per gallon.
|
chui

Champion Author
Dallas
Posts:2,906 Points:2,368,635 Joined:Sep 2004
|
Message Posted: Dec 15, 2006 11:49:46 AM
three cents or more
|
Battmann

Veteran Author
Knoxville
Posts:303 Points:379,010 Joined:Sep 2005
|
Message Posted: Dec 15, 2006 11:43:40 AM
At least US$0.03/gal (0.9CA¢/l) cheaper
|
AzDriver

Veteran Author
Phoenix
Posts:309 Points:83,930 Joined:Mar 2003
|
Message Posted: Dec 15, 2006 10:55:23 AM
Speaking of lower prices has anyone outside of the Phoenix area had this experience. You've been going to a particular station for so long you take it for granted that the price on the sign is the price you will pay but upon closer inspection you notice that that's the CASH price and that if you pay with a credit card, which I usually do, it's like 4 cents more? I really detest these sneaky tricks by the gas stations and when I see that's what they're doing I go to another station. Maybe the next station WILL save me that 2.5 cents per gallon.
|
Lengas

Champion Author
Gary
Posts:13,561 Points:2,719,725 Joined:Nov 2004
|
Message Posted: Dec 15, 2006 10:46:26 AM
5 cents/gal
|
Synek

All-Star Author
South Carolina
Posts:757 Points:901,830 Joined:Sep 2005
|
Message Posted: Dec 15, 2006 10:32:00 AM
Just make sure you do the math before you decide which station is cheapest. It's not just the posted price. Just like in real estate, it's location, location, location. If it's out of your way, it's probably not worth it...
[Edited by: Synek at 12/15/2006 10:32:44 AM EST]
|
SWITCHMAN

Veteran Author
Missouri
Posts:311 Points:1,967,950 Joined:Apr 2005
|
Message Posted: Dec 15, 2006 10:10:11 AM
WHEN I AM OUT DRIVING TO THE LOCAL GROCERY STORE, I MAKE A MENTAL NOTE AS TO WHERE THE CHEAPEST GAS IS AND THEN ON THE WAY HOME I PURCHASE GAS AT THE LOWEST STATION ON THAT ROUGHT.
|
Tang

Champion Author
Cleveland
Posts:11,925 Points:2,512,195 Joined:Apr 2004
|
Message Posted: Dec 15, 2006 9:53:26 AM
BlkynB, not a bad guess but I actually drive about 50,000 a year so yes I'd go out of my way to save a little.
|
Tang

Champion Author
Cleveland
Posts:11,925 Points:2,512,195 Joined:Apr 2004
|
Message Posted: Dec 15, 2006 9:51:21 AM
hisxlnc, I thought Ohio was the only one that put idiots in uniform.
|
Tang

Champion Author
Cleveland
Posts:11,925 Points:2,512,195 Joined:Apr 2004
|
Message Posted: Dec 15, 2006 9:49:40 AM
matt_in_kc, I'm with you. Support those who try to give us a break.
|
Vaquero

Sophomore Author
Idaho
Posts:184 Points:2,128,480 Joined:Aug 2005
|
Message Posted: Dec 15, 2006 9:44:58 AM
Every little bit helps
|
Panama19

Champion Author
Louisville
Posts:25,345 Points:2,546,235 Joined:Sep 2005
|
Message Posted: Dec 15, 2006 9:29:56 AM
rjr54, I agree. The life of a vehicle (even if you drive it until its death) is an arbitrary span, barring head-on collisions, etc. It is certainly not precise to the 680 km +/- level. The life span of the vehicle is generally set by the presence or absence of reliability or a judgment on whether or not its value is worth the required repairs. The person who gets it next may have an entirely different view of the matter.
For a 5 mile round trip, I just figure the immediate cost of the price of the gas to get there and back.
|
Ice Nuts

Champion Author
Twin Cities
Posts:1,237 Points:1,000,675 Joined:Apr 2004
|
Message Posted: Dec 15, 2006 9:23:14 AM
It doesn't make sense to support cheaper gas stations?
|
goulaisgirl

All-Star Author
Ontario
Posts:583 Points:205,935 Joined:May 2006
|
Message Posted: Dec 15, 2006 9:17:57 AM
Not really!
|
Ice Nuts

Champion Author
Twin Cities
Posts:1,237 Points:1,000,675 Joined:Apr 2004
|
Message Posted: Dec 15, 2006 9:13:56 AM
makes sense to me.
|
MANNU BHAI

Sophomore Author
Toronto
Posts:190 Points:747,300 Joined:Feb 2004
|
Message Posted: Dec 15, 2006 8:35:05 AM
3c/L
|
matt_in_kc

Veteran Author
St. Louis
Posts:355 Points:250,420 Joined:Jun 2005
|
Message Posted: Dec 15, 2006 8:28:27 AM
2.5 miles is nothing... even if I only broke even (or even lost a little bit) I'd rather give my money to the gas station that is cheaper... you have to help support the cheap gas stations... the more people that fill up at them, the easier it is for them to make the gas even cheaper. Support your local cheap gas stations!
|
altima03

All-Star Author
Toronto
Posts:898 Points:1,498,850 Joined:Aug 2004
|
Message Posted: Dec 15, 2006 8:10:12 AM
3c/l saving on a tankful would net me $1.50. It would cost be a litre, or 90c to get it. For 60c? I don't think so...
|
Cadillac

Sophomore Author
Greensboro
Posts:240 Points:968,980 Joined:Nov 2003
|
Message Posted: Dec 15, 2006 8:09:03 AM
At least US$0.15/gal (4.5CA¢/l) cheaper.
|
N9HVP

Champion Author
Indiana
Posts:11,723 Points:2,473,565 Joined:Sep 2004
|
Message Posted: Dec 15, 2006 7:48:57 AM
No, I wouldn't do it for such a small difference in price.
|
3142

All-Star Author
Twin Cities
Posts:597 Points:639,120 Joined:Apr 2005
|
Message Posted: Dec 15, 2006 7:48:01 AM
Over .05/gal. my time is worth no less.
|
Guido4

Champion Author
Pensacola
Posts:13,064 Points:2,674,265 Joined:Jun 2005
|
Message Posted: Dec 15, 2006 7:38:45 AM
At least US$0.03
|
lpj

Champion Author
Macon
Posts:8,583 Points:1,706,440 Joined:Apr 2006
|
Message Posted: Dec 15, 2006 7:33:29 AM
if i can save gas at a top tier station i will drive a few miles
|
mpgoldstein

Sophomore Author
Richmond
Posts:241 Points:53,560 Joined:Oct 2005
|
Message Posted: Dec 15, 2006 7:14:05 AM
I arrange the errands that I want to run based on when I need gas and where it is cheapest. If I do not need to go to that part of town, it is a waste of time and gas just to save a few cents.
|
c47

Champion Author
Virginia
Posts:12,824 Points:2,306,545 Joined:Dec 2006
|
Message Posted: Dec 15, 2006 7:12:03 AM
Would have to be at US$0.03/ gal cheaper or If I planned on going that direction for another reason.
|
stew1950

Champion Author
Kitchener-Waterloo
Posts:14,270 Points:2,415,025 Joined:Jul 2006
|
Message Posted: Dec 15, 2006 7:07:28 AM
Look for lowest price on way to work
|
Lindsay1

All-Star Author
Toronto
Posts:637 Points:544,555 Joined:Sep 2005
|
Message Posted: Dec 15, 2006 6:54:40 AM
At least 0.3CA¢/l cheaper
|
PanhandleSam

Champion Author
Oklahoma
Posts:1,113 Points:308,170 Joined:Aug 2005
|
Message Posted: Dec 15, 2006 6:52:40 AM
5
|
Runn on MT

Champion Author
Atlanta
Posts:12,979 Points:2,579,905 Joined:Apr 2004
|
Message Posted: Dec 15, 2006 5:22:10 AM
Gotta combine the trips, that's going to work across the board.
|
Runn on MT

Champion Author
Atlanta
Posts:12,979 Points:2,579,905 Joined:Apr 2004
|
Message Posted: Dec 15, 2006 5:21:30 AM
I think lots of car trips could be for lesser reasons amd travel further.
|
Runn on MT

Champion Author
Atlanta
Posts:12,979 Points:2,579,905 Joined:Apr 2004
|
Message Posted: Dec 15, 2006 5:19:36 AM
How big is the tank? What's the mpg of the car? What's the price spread? Support the low price is the way to go.
|
Runn on MT

Champion Author
Atlanta
Posts:12,979 Points:2,579,905 Joined:Apr 2004
|
Message Posted: Dec 15, 2006 5:17:04 AM
Always get gas "on the way" somewhere and it's always the cheapest.
|
Runn on MT

Champion Author
Atlanta
Posts:12,979 Points:2,579,905 Joined:Apr 2004
|
Message Posted: Dec 15, 2006 5:16:14 AM
Who goes out just for gas? That calculation is absurd.
|
J Eric

Champion Author
Los Angeles
Posts:10,282 Points:2,073,005 Joined:Feb 2004
|
Message Posted: Dec 15, 2006 2:00:35 AM
I get 24 mpg, so driving 2.5 miles would be using 1/10th of a gallon. Let's say gas is at $2.50 per gallon. 2/10th of that (factoring a drive TO and BACK FROM the mythical cheap station) is 50c. If I need 12 gallons of gas (assuming I don't let the tank go down to fumes), then I would have to save 4 cents a gallon just to break even.
However, this is too simplified an analysis, as one also needs to factor in other costs of driving - oil, tires, insurance, etc. Yes, hisxInc, I really do need a CPA to figure this one out.
|
RBob

Champion Author
Portland
Posts:3,384 Points:2,349,825 Joined:May 2004
|
Message Posted: Dec 15, 2006 1:42:27 AM
For me cost is only one factor. In a rural area like this, I will spend a few pennies per gallon more for a locally owned station that provides good service over poor service by a company owned station. On the other side, I will study Gas Buddy before traveling to decide where to buy gas, and sometimes what route to take.
|
hisxlnc

Champion Author
Richmond
Posts:25,240 Points:2,431,255 Joined:Apr 2005
|
Message Posted: Dec 15, 2006 1:33:53 AM
For 10 cents pg savings, I would definatly go that far, and probably a lot farther!
|
hisxlnc

Champion Author
Richmond
Posts:25,240 Points:2,431,255 Joined:Apr 2005
|
Message Posted: Dec 15, 2006 1:31:08 AM
If it was strictly a fuel run, maybe 5 cents would be enough.
|
hisxlnc

Champion Author
Richmond
Posts:25,240 Points:2,431,255 Joined:Apr 2005
|
Message Posted: Dec 15, 2006 1:29:30 AM
For me, 3 cents is enough on a combined errand trip.
|
hisxlnc

Champion Author
Richmond
Posts:25,240 Points:2,431,255 Joined:Apr 2005
|
Message Posted: Dec 15, 2006 1:28:05 AM
Some of you folks are making very complicated answers to a very simple question. Its only a 5 mile round trip, and shouldn't require a CPA to figure out if its worthwhile.
|
hisxlnc

Champion Author
Richmond
Posts:25,240 Points:2,431,255 Joined:Apr 2005
|
Message Posted: Dec 15, 2006 1:21:47 AM
Tang: laughed for half an hour about your experience from yesterday's posting. My experience with the local cops is the reason I will only go 10 mph below the speed limit. I was ticketed for going too slow (15 mph or more below the posted limit) for doing 15 mph in a 35 mph zone. It didn't seem to matter to the officer that it was 3 am, on a half mile long pitch dark road that included an elevated railroad crossing, that had an 18 inch unprotected drop off along the one travel lane due to road construction, and that he and I were the only people on the road at that hour. The judge agreed with me also, but my case was the last one heard that day, so I spent about seven hours in the courtroom to have the case dismissed in 2 minutes.
|
Panama19

Champion Author
Louisville
Posts:25,345 Points:2,546,235 Joined:Sep 2005
|
Message Posted: Dec 15, 2006 12:57:36 AM
Go for the gas price savings and leave the rest for lawyers and accountants to fight out.
|
rjr54

Champion Author
Winnipeg
Posts:1,110 Points:394,395 Joined:Feb 2005
|
Message Posted: Dec 15, 2006 12:48:32 AM
Fixed costs like tires, insurance, car washes, etc are not included because they will not change as a result of an extra 4 Km detour to get cheaper gas. The implication that I will add an extra quarter or dollar to the cost of my car for this year just because I have driven 4 addition kilometres is just plain wrong. At the end of the year the money out of my pocket only goes up by $0.21, the cost of 1/4 litre of gas.
Now as far as shortening the life of my car, I also think that has little merit. Perhaps if I drove it until it's death, that might be true and I would have to buy a replacement 4 Km sooner. Or if I did this every time, 4 km times 170 tankfuls (17 tanks per year * 10 years). And the car would die 680 Km sooner and would have to be replaced 2 weeks sooner. So what is the cost of a car dying two weeks earlier? The car is at the end of it's life and the cost per kilometre is it's lowest so it probably is less than $0.03/Km. Every other scenario, write-off, sale, etc has no financial change for 680 extra kilometres.
So I believe the only cost to be considered is the gas consumed for 4 Km.
|
rjr54

Champion Author
Winnipeg
Posts:1,110 Points:394,395 Joined:Feb 2005
|
Message Posted: Dec 15, 2006 12:47:14 AM
Gas currently costs 86.4¢/L. At 6.1 L/100Km, 4 Km costs 21¢. On a 50 litre fill, I would have to save 0.42¢/L to break even. 0.6CA¢/l cheaper saves me money.
|
MACEPAK

Champion Author
Omaha
Posts:22,975 Points:2,257,450 Joined:Aug 2006
|
Message Posted: Dec 15, 2006 12:13:02 AM
Even with a 25 gal. tank, 10 cents is the minimum differential; I always save at least 12 cents using the discount features (grocery card & receipt) and THAT station is the closest one to the house. For the high mileage folks, I can understand that every penney counts, good on ya.
|
gardezbien

Veteran Author
Ontario
Posts:390 Points:627,285 Joined:May 2006
|
Message Posted: Dec 14, 2006 11:21:13 PM
There seems to be a significant number of comments being made on the cost of driving to and from the gas station. These costs have correctly been categorized as fixed costs and variable costs. But you will observe by the end of this note that the terms are arbitrary!
No one seems to have problems with including gas consumption as a variable cost, but many seem to think that fixed costs should not be included in determining the true cost of driving!
For example, including the cost of the vehicle seems to be a major point of disagreement. Maybe if we are willing to agree that depreciation as defined by Revenue Canada Agency as “A decrease in the value of an asset through age, use, and deterioration. In accounting terminology, depreciation is a deduction or expense claimed for this decrease in value.” will help us understand and clarify the impasse.
If you start with a vehicle worth CA$30,000, it depreciates the moment you drive out of the dealership! After a year of driving let’s say 24,000 km, then “a decrease in the value of [the] asset through age, use, and deterioration” has occurred! Under Revenue Canada rules, a car is classified as Class 10 and is depreciated at an annual rate of 30%. So for example, after year one, the car is worth CA$9,000 less or CA$21,000. After year two, it is worth CA$6,300 less or CA$14,000. This geometric progression continues until the car is worthless! (from the taxman’s point of view that is).
By the above example, the “fixed” cost of the car is CA$9,000/24,000 km or CA$0.38 per km for the first year of driving and CA$0.27 per km for the second year! Since a mile is about 1.6 km, then Americans would be paying CA$0.61 and CA$0.44 per mile respectively!!!!!!
The more you drive; the less per km (mile) you pay, but conversely, the more you’ll pay for maintenance, insurance etc. It gets complicated very quickly.
We haven’t even started to calculate the other so called fixed and variable costs! But Revenue Canada is very willing to accept them all as acceptable costs and help your company make more profit!
The fact is there is no such thing as “fixed” costs except as a convenient term used by accountants. All costs are somewhat variable! They just vary over shorter and longer periods of time!
Hope you find this helpful!
|
Lengas

Champion Author
Gary
Posts:13,561 Points:2,719,725 Joined:Nov 2004
|
Message Posted: Dec 14, 2006 11:04:33 PM
5 cents/gal
|
Panama19

Champion Author
Louisville
Posts:25,345 Points:2,546,235 Joined:Sep 2005
|
Message Posted: Dec 14, 2006 10:33:47 PM
Tim50, using your example it would cost 50 cents to go 5 miles out of your way. The amount you save depends on how many gallons you buy. If you buy 10 gallons the break-even would be 5 cents/gallon savings. If you buy 20 gallons the break-even savings would be 2.5 cents/gallon. This is just for the gasoline.
There has been a lot of discussion about how much it really costs you beyond the price of the gas (maintenance, tires, wipers, etc.), and most people don't seem to have done that math accurately (me included), nor has there been a consensus on what should be included.
If you drive a lot of miles, drive carefully, and keep your vehicle in good condition the costs per mile are fairly low compared to the cost of the gasoline. If you neglect your vehicle and have a lot of repairs, hotrod a lot and burn up your tires while getting poor mileage, and don’t drive many miles to amortize the expenses, your cost per mile can be significantly higher, making the savings on the cost of the gasoline relatively insignificant.
It seems to me that this is as much about human behavior as it is about economics.
|
LuvGrn

Rookie Author
Minnesota
Posts:6 Points:5,015 Joined:Oct 2006
|
Message Posted: Dec 14, 2006 10:24:27 PM
oops sorry, I meant that message to be for rjeoh
|