You have my interest…

When gas prices were at their previous all-time high, way back in 2008, I walked out of the local Toyota dealership in Memphis with a gas sucking 5.7 liter V8 Tundra. They had at least a hundred of them sitting on the back lot. They might not have been paying people to take them away, but it was awfully close. That original Tundra of mine came with four or five thousand dollars off sticker and 0% financing. They were just happy, it seemed, to get it off their books.

I knew then that the price at the pump was going to be painful, but not necessarily less painful than buying one of the small, fuel-efficient econoboxes that were flying off the sales floor. Sure, I was paying for fuel, but a pretty significant percentage of that was offset by the lower cost of the vehicle, “no cost” financing, and the preventative maintenance plan they threw in. As far as I’m concerned, I took my savings all on the front end of that deal rather than spreading it out over the life of the vehicle through lower fuel costs. 

The same math doesn’t work in today’s environment. Getting into a new truck with the same trim level I’ve currently got comes with an eyewatering price, well above zero percent financing, and about a one mile per gallon improvement in fuel efficiency that does nothing to offset increasing prices. If I had to be in the market for a replacement vehicle right now, I’d be hard pressed to justify the purchase and operating costs.

I hope I’m not forced into a position of needing to replace a vehicle any time soon. In the meantime, I’ll be keeping an interested eye on the roll-out of more hybrid and all electric truck and SUV platforms. I always said I wouldn’t be interested in alternative fueled vehicles until they were every bit as comfortable for my fat ass as my big Toyota pickup. It feels like we’re nearing an inflection point where these options won’t be limited to “toy” compacts and bland sedans. True to my word, I’m beginning to get interested.

What Annoys Jeff this Week?

1. Unintended consequences. I read an article this week decrying the fact that so many fuel efficient cars on the road are causing the federal highway trust fund to go broke. All I could do is sit back and wonder if this is something that should have come as a surprise to anyone when they were laying on tax incentives and pushing people towards higher efficiency standards and cute matchbox car looking vehicles. Less fuel used, but definition will lead to lower revenue if all else is held equal. Now of course the writers of this article lead that into the discussion of whether we should raise the national gas tax or lay an entirely new tax based on miles driven or some other calculus. I noted with much annoyance that prioritizing funds and making due with what’s available, leaning out the highway construction and repair process, or privatizing antiquated infrastructure weren’t even part of the discussion. It troubles me to no end that a goodly proportion of people in this country only ever look at the revenue (and how to increase it) side of the equation rather than first looking at how we reduce costs and gain efficiencies using what should be a massive economy of scale that Uncle could generate if he were spending judiciously rather than just chasing the next dollar. If they didn’t think the problem past the “fuel efficiency is good” phase, why on earth should anyone trust them with even more money?

2. Being wrong. Remember back six months ago when I was complaining about the polar vortex? I have a confession to make. I think I may have gotten that one wrong, because quite frankly putting on another layer felt way better than reaching the point where modesty, social convention, and the county sheriff say you can’t take any more layers off. But don’t worry, wait six months and you can be sure I’ll be right back to complaining about being frozen right down to the bones. Wash, rinse, and repeat as needed.

3. The “working lunch.” There’s no such thing. Either I’m working or I’m at lunch. They are, in my mind, mutually exclusive activities that have no business occurring simultaneously. Lunch, for purposes of this discussion is defined as a 30-minute period of not work dividing the four morning hours of work and four afternoon hours of work during a standard business day. Dragooning everyone in the office into a conference room, “asking” them to bring food, and then talking about “work stuff” for an hour is a thinly disguised meeting. The only reason it has a passing resemblance to lunch is that there happened to be food in the room while it happened. As for me, I need my 30 minute break in the middle of the day to help prevent my brain from melting and leaking out my ears. I think we can all agree that’s something we should all try to avoid if we can.