Think Driving Your Ferrari in the U.S. is Expensive? Try Italy...
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Apparently, gasoline prices in Italy are hurting consumers, coming in somewhere near $9.50 per gallon.
So, we decided to evaluate just how much Italians would be spending on their commute...via a two-car comparison. Our driver, Luca, commutes about 15 miles each way in a 50-50 mix of highway and city driving. He's also a mild-mannered driver, not looking to cut anyoe off or race to the next red light. Let's say he's not jumpy because he...trains sea lions for a living...a very relaxing endeavor, from what we understand.
First, the venerable Fiat 500. Nothing fancy, just the base model. According to FuelEconomy.gov, the U.S.-sanctioned Fiat boasts an average of 33 miles per gallon. At $9.50 (€7.55) per gallon, Luca is looking to shell out about €34 to €35 per week for a 5-day commute. That compares with about $18 (¥14.50) per week in U.S. gas prices.
Next is the Ferrari 458 Italia. (Obviously, with no stop-start control.) The nimble, sporty, sensible Ferrari averages about 14 miles per gallon. Given the same commute, that's €102 to €103 per week. Mamma mia! In U.S. bucks, we're looking at $42.90 (about €34).
What does this tell us? Clearly, if you're going to commute in a Ferrari, only do it if you live in the U.S.
Crude futures are higher as well, Friday. October contracts are up $1.73 to $96.35 per barrel on the Comex.
So, we decided to evaluate just how much Italians would be spending on their commute...via a two-car comparison. Our driver, Luca, commutes about 15 miles each way in a 50-50 mix of highway and city driving. He's also a mild-mannered driver, not looking to cut anyoe off or race to the next red light. Let's say he's not jumpy because he...trains sea lions for a living...a very relaxing endeavor, from what we understand.
First, the venerable Fiat 500. Nothing fancy, just the base model. According to FuelEconomy.gov, the U.S.-sanctioned Fiat boasts an average of 33 miles per gallon. At $9.50 (€7.55) per gallon, Luca is looking to shell out about €34 to €35 per week for a 5-day commute. That compares with about $18 (¥14.50) per week in U.S. gas prices.
Next is the Ferrari 458 Italia. (Obviously, with no stop-start control.) The nimble, sporty, sensible Ferrari averages about 14 miles per gallon. Given the same commute, that's €102 to €103 per week. Mamma mia! In U.S. bucks, we're looking at $42.90 (about €34).
What does this tell us? Clearly, if you're going to commute in a Ferrari, only do it if you live in the U.S.
Crude futures are higher as well, Friday. October contracts are up $1.73 to $96.35 per barrel on the Comex.
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