Gasoline prices affect fuel economy
Gasoline prices can affect fleet fuel economy in two ways: by shifting purchases of new autos toward more fuel-efficient vehicles and by speeding up the scrappage of older, less fuel efficient vehicles.
Last week, gas prices increased by 0.1 cents to 96.4 cents per litre for regular gasoline, 99.8 cents per litre for mid-grade and 103.2 cents per litre for premium.