What’s Going On With Gas Right Now?!
It may be time to ditch your gas-powered car
Gas is about to skyrocket in America.
The war in Ukraine has been causing a lot of energy issues ever since its start and now it has officially hit a new high point.
President Biden has now officially stopped exporting crude oil from Russia completely, one of the largest oil suppliers for the world. And with this in effect, the consequences for Americans will be great
Prices will rise even higher than they are now, and for many college students, we can’t afford that.
The cost per oil barrel has now risen over $115. For comparison, the price per oil barrel last year peaked at only $86. This is a dramatic increase and if the conflict in Ukraine doesn’t end soon we could be looking at some of the highest gas prices ever seen in America.
So what can we do to save ourselves from these gas prices? Well one way to save ourselves is to ditch our gas-powered cars. Electric vehicles are a great replacement for our cars now due to the range they can now achieve. Beforehand Electric cars couldn’t get nearly the same mileage now and some EVs are even rivaling the range of some gas-powered cars.
Now you may be thinking, “EV cars are too expensive there is no way I’ll be able to afford it!” Well not entirely. It is important to mention that there are government incentives to buy an EV. If you buy an EV, you can be eligible for a federal tax credit of up to $7,500. That’s a lot of money! It also allows you to use the carpool lane without passengers and there is even special parking for EV vehicles.
There are also very affordable cars too. The current cheapest option for EVs is the 2022 Nissan LEAF which can be leased for just $319 with only $2,000 down, an incredibly good deal on a brand new EV.
Now if you still don’t have enough money for a new car then don’t worry, there are plenty of EVs selling for under $15,000 in the used car market such as the Fiat 500e, BMW i3, Chevy Spark EV and the Ford Focus Electric.
But let’s say you STILL didn’t have enough money. Well, public transportation is always an option for some but not all. Depending on where you live and if you have public transportation available you wouldn’t even need a car in the first place. But if you don’t have access to public transportation, then you may still have to use your car…unless you’re fine with biking everywhere you go.