The most popular fuel types on the road, and the cheapest fuel in some cases, are now the main factors determining the fuel cost of your new car, according to a report from the AAA Insurance Institute.
The study said the cheapest petrol at $1.00 per litre and the least expensive diesel at $2.00 was at the top of the list.
“The cost of diesel fuel has increased, as has the cost of fuel,” AAA Insurance said in its latest Fuel Cost Survey, which is part of the AA-sponsored Fuel Economy Report.
“Fuel cost is a very important factor in determining the price of the car and the cost to own and operate the vehicle.
It is also a key consideration in assessing the cost-benefit of new fuel products, and therefore will be important to motorists in the future.”
According to AAA, the cost savings and the benefits to the consumer are significant.
“Diesel fuel is the least costly fuel on the market.
Its price is significantly lower than petrol, which comes with its own premium and additional taxes.
The cheapest diesel is a mix of blends that offer a higher level of fuel efficiency, better fuel economy, and are less expensive than other diesel blends, including the cheapest brands such as the Alfa Romeo brand and the Toyota brand.
As a result, a car with a diesel engine can be more fuel efficient than one with an internal combustion engine, or a gasoline engine.”
The AA-affiliated survey found the average fuel price of petrol and the fuel blend at the pump in 2016 was $1,865.
The average price of diesel was $2,890.
On the other hand, the average cost of petrol in 2016 rose to $1-2 per liture and the average price for diesel fuel rose to around $2-3 per litere.
“The average cost to run a petrol or diesel engine in the US has fallen to its lowest level since 2008, while the average petrol price has gone up,” the AAA report said.
“This is an important signal that the American economy has recovered and is benefiting from low oil prices.”
While diesel prices have been increasing since 2012, the AA report said petrol prices have remained steady.
“Petrol prices have risen substantially in the last three years, while diesel prices remain well below their 2007 peak, and have remained fairly constant since 2012,” it said.
“The AA estimates that the average daily price of gasoline and diesel in the United States will remain unchanged for the foreseeable future, with diesel prices set to increase over the next few years.”
The AAA said petrol and electric prices have also remained stable.
“While the cost and quality of electric vehicles has been increasing over the past few years, gasoline prices have continued to increase at a steady pace,” it added.
“However, electric vehicle prices have shown a decline over the last several years, as consumers increasingly turn to hybrid or electric vehicles to save fuel and lower emissions.”
“Although gasoline and electric vehicles are increasingly available for purchase, it remains unclear whether the cost difference will continue to be as large as it is today.”
According to the AA, consumers should consider purchasing a diesel car and a petrol car as the benefits of each will vary significantly.
“Consumers can purchase an electric vehicle to save money and save fuel, while an electric car can be a great bargain for a variety of reasons, such as lower emissions, lower maintenance costs, and lower maintenance and repair costs,” the report said, adding that diesel vehicles are less likely to be equipped with airbags and can therefore be more reliable.