This month my electric company was kind enough to give me more than a sour taste in my mouth from our latest bill. On the back of the statement, they supplied free hints for saving money at the pump. I had seen this information before, written in percentages, but when I saw the actual money lingo I took note.
Observe the Speed Limit Each 5 mph you drive over 60 mph becomes the equivalent of spending an extra 30 cents per gallon for gas.
Thirty cents per gallon. For EACH 5 mph over 60! (I tend to drive about 73 on the interstate.) That is significant! What could you save on a whole tank of gas? When I did some brief research to confirm the statement (trying to decide if I really did need to slow down) I found similar information on this govenrnment site…
While each vehicle reaches its optimal fuel economy at a different speed (or range of speeds), gas mileage usually decreases rapidly at speeds above 60 mph.
You can assume that each 5 mph you drive over 60 mph is like paying an additional $0.26 per gallon for gas.
Observing the speed limit is also safer.
So my two information sources are pretty much in agreement. I’m going to give it a try. Do we really save that much time driving 5 mph faster, anyway? For an hour long trip… five minutes, maybe? If I slow down I could save at least $1.00 in that hour, and more if we slow down on the interstate. Hmmm… save $1.00+ or save 5 minutes? I’m going to try to save some $$$ on our next trip.
Anyone else want to slow down and enjoy the ride? And the savings?
Check out more Frugal Friday over at Biblical Womanhood.