Bank Deal: Earn 1.00% APY on an FDIC-insured savings account at Barclays Bank.
A few weeks ago, I mentioned that I was going to experiment with my driving style to see if I could improve my mileage. With gas prices topping $4/gallon, even small improvements can save you a pretty penny.
As for the changes that I made, I didn’t do anything too extreme. Rather, I simply focused on accelerating gradually, anticipating stops and coasting where possible to minimize braking, and minimizing air conditioning usage whenever the outside temps permitted (though this didn’t happen very often during the period in question).
I started this experiment with a full tank of gas and tracked my mileage for two weeks, at which time I refilled the tank and ran the numbers. As I noted when I first talked about this, I’ve been getting very consistent mileage, so I have a solid baseline from which to work. For background, I drive a 2005 Honda CR-V 2WD, and I typically get right at 21.8 mpg for in-town driving.
During the course of the experiment, I covered a total of 265.2 miles, all of which was most definitely “in-town” driving.
What about gas usage? As you can see below, I burned through 10.455 gallons.
This works out to 25.4 mpg. Just to be conservative, let’s round my base mileage up to 22 mpg… That works out to an increase of just over 15% in return for a few relatively minor driving adjustments. Not bad.
Given that I paid $4.019 per gallon, that’s an effective savings of just over $0.52 per gallon. But wait… I paid for the gas with a cash back rewards card which offered 5% off on gas purchases. Thus, my base price was really $4.019 – 5% = $3.82. The 15% mileage boost then takes that down to the equivalent of $3.32/gallon.
A few notes:
Like I said above, I didn’t go to any heroic lengths to achieve this improvement. I just drove a bit more carefully. I should also note that I’m normally a pretty reasonable driver, so it’s not like my baseline mileage was horrible due to lead foot. While I would imagine that the results would vary pretty widely across makes/models, it seems that pretty much any “typical” driver should be able to achieve a pretty nice gain.
- How to Become a Millionaire
- How to Get Out of Debt
- The Best Dollars I've Ever Spent
- How Our Estate Plan is Structured
- How We Paid Our Mortgage In Less than 10 Years
- Money Making Ideas
- How to Manage Your Asset Allocation with Multiple Accounts
- Consumption Smoothing - Save While the Saving's Good
- How to Save on Groceries
- How Much Life Insurance Do You Need?
- Eleven Great Books About Money
- Dave Ramsey is Bad at Math (693)
- Dish Network Customer Service SUCKS (536)
- $8,000 Homebuyer Tax Credit (429)
- Pay Off Mortgage Early or Invest? (424)
- How to Claim the First-Time Homebuyer Tax Credit (352)
- Termite Control: Sentricon vs. Termidor (329)
- How Much Should You Pay a Babysitter? (288)
- Ethanol Blended Gas = Lower Mileage? (272)
- Reduced Credit Limits? Share Your Experience (256)
- $15,000 Homebuyer Tax Credit (242)
- Buying Furniture off the Back of a Truck (237)
- Will Mac OS X Lion Kill Quicken 2007? (191)