Boost Your Fuel Economy to 85 Miles per Gallon
Does your wallet scream in agony every time you pull up to the pump? Gas prices have certainly been a huge pain in our gas tank as far back as most of us can remember.
And with the recent recession, consumers are finally responding in record numbers.
Demand for smaller, more fuel-efficient cars is on the rise, and prices for the most efficient used cars have been trending higher in recent months. Technology is finally catching up with demand, and this is good news for just about anyone who is looking to buy soon.
[InvestingAnswers Feature: The Most Affordable Fuel-Efficient Cars of 2011]
We are all still a few years away from a big sigh of relief -- you and your gas tank may be holding your proverbial breath for just a little while longer. But for patient car buyers, really fuel-efficient vehicles will be hitting showrooms in a few years, off-setting the pain at the pump.
Want some more good news? Gasoline prices are expected to ease back in coming weeks as oil falls below $100 a barrel.
Now the bad news: It may only prove to be a temporary lull -- a scenario is developing that could push oil north of $150 a barrel in the next year or two, and that could push gasoline prices up much higher, perhaps as high as $6 a gallon.
If that happens, economists expect the dollar to sharply weaken, which tends to move oil prices in the opposite direction. It may sound like an unrealistic doomsday scenario, but according to some economic forecasters, it is becoming a real possibility.
If this gas price doomsday does occur, how will our nation and the world's auto makers respond to the crisis?
Auto Makers & Fuel
The German auto maker Volkswagen (AMS: VW) is contemplating a new lightweight vehicle that gets 60 miles to the gallon around town and 85 miles to the gallon the highway. The 2011 Toyota Prius looks downright thirsty in comparison.
How will Volkswagen -- or any auto maker -- produce a vehicle with that level of fuel economy? Here are three technologies auto makers are developing for a better fuel economy, and how you can invest in their success.