Consumers who cry foul over gas prices might actually be exaggerating the effect that higher gas costs have on their household budgets. In many cases, the actual figures tell a different story. Here are three common gas-price myths, debunked.
Gas Myth No. 1: Rising gas prices are forcing families into bankruptcy. To see the holes in this assertion, let's look at a typical two-car household, its driving habits and its fuel costs.
Many households have two cars: an around-town family hauler and a commuter car for getting back and forth to work. The around-town vehicle is usually a large SUV ... Back to article
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By akuma
on 01/31/11
7:08 PM PST
how is myth 3 a myth? the 50 mpg car used half the gas of the 25 mpg gas and was twice as good on fuel economy and four times as good as the 12.5 mpg car. i know the returns diminish considerably beyond 25 mpg, but the math remains the same.
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