25 Nov '11, 10pm

Fuel that's a dollar per gallon? It's called electricity. Just look at this price comparison graph:

Fuel that's a dollar per gallon? It's called electricity. Just look at this price comparison graph:

Tomorrow, I’ll be at the Los Angeles Auto Show , where several of the up to 50 plug-in electric vehicle models coming to America’s streets over the next several years will be on display. When you buy your next car, ask yourself this question – “How would you like to drive on a fuel that costs the equivalent of a buck-a-gallon gasoline for the next two-and-a-half decades?” The blue, red, and green lines in this chart display the Energy Information Agency (“EIA”) forecasts for the price of gasoline in constant dollars under EIA’s “Reference,” “Low,” and “High” oil price scenarios. The purple, light blue, and orange lines display the EIA forecasts for the price of electricity under the same oil price scenarios, converted into “Dollar per Gallon Equivalent” prices (what the price of gasoline would have to be for the fuel cost of driving a 30 mile-per-gallon gasoline car to be ...

Full article: http://switchboard.nrdc.org/blogs/mbaumhefner/buck-a-gall...

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