As Gas Prices Soar, Buyers Find Fewer Fuel-Efficient Car Options

Power Search All Vehicles All Options All MPG
MPG 2022 Vehicles - Top 10 Best and Worst Fuel Economy
Real World MPG Reported By Drivers

Washinton DC March 15, 2022; THe AIADA reported that Americans looking to offset surging gasoline prices with a more fuel-thrifty vehicle aren’t likely to find much on the car lot today.

The Wall Street Journal reports the sharp rise in fuel costs is delivering another shock to the car business and triggering renewed focus on fuel economy after a multiyear boom in SUV and pickup truck sales.

It also comes as new- and used-car inventory on dealership lots is at historic lows, leaving buyers with slim pickings for those looking to make a switch, according to dealers, executives and analysts.

Average gas prices in the U.S. hit $4.33 Saturday after recently breaking a record set in July 2008, according to AAA. A U.S. ban on Russian oil imports, revealed last week, is poised to drive fuel costs higher in the near-term.

While still early, buyers are already showing more interest in gas-sipping models, including hybrids and electric vehicles, dealers and analysts say