The survey found that consumers expect the national gasoline price to rise by almost 50 percent in the next two years. And they have incorporated this expectation into their next vehicle purchase.
“More than 86 percent say gas mileage will be ‘important’ in their next purchase, while 57 percent say it will be ‘very important’ in determining what vehicle to purchase,” the survey said.
In short, savvy shoppers know that gas prices always go back up.
“Buying an inefficient vehicle during periods of low gas prices condemns the consumer to wider swings in monthly costs, much higher monthly peaks and a whopping overall increase in lifetime gas costs,” said Dr. Mark Cooper, director of research for the Consumer Federation of America, in a statement.