Rising Gas Prices: Fuel Economy and Your Next Car Purchase?

The Associated Press reported that oil prices fell Tuesday as fresh signs of a deepening U.S. recession trumped tensions in the Middle East and worries over natural gas shortages in Europe. Light, sweet crude for February delivery fell 23 cents, to $48.58 a barrel, in trading on the New York Mercantile Exchange.

The five-month slide in gasoline prices has come to an abrupt halt, with gasoline rising by several cents in recent days amid indicators that the national average could jump to $2 a gallon or higher this spring.

So we’re facing rising gas prices — how does that impact new car purchases, specifically hybrid and alternative fuel vehicles?

Automotive analysts expect consumers, who are still wary over the shaky state of the economy, to buy between 10 million and 12.4 million new cars and trucks in 2009. That’s down substantially from the 16.7 million in annual sales the industry has averaged over the past decade. And it’s even lower than the dismal 13 million or so in sales expected for 2008.

So the question is, at what point does fuel economy and better gas mileage become an issue again? A lot of consumers have simply stopped purchasing new cars due to the poor economy. Once car sales begin to pick up, though, it will be a new market out there. Consumers will want cars which get better gas mileage and more miles to the gallon. Next years answer may come from Ford:

The 2010 Ford Fusion Hybrid, and its twin, the 2010 Mercury Milan Hybrid, are mid-to-full-size sedans that seat five in surprising comfort and offer a full-size trunk measuring around 12 cubic feet. They measure 190.6 inches and weigh a goodly 3,720 pounds. The gas-electric output is 191 horsepower and 0-60 mph acceleration is under 9 seconds.

source : fueleconomyhelp.com