Originally Posted by savithny
THree years ago, gas around here aws still occasionally available for $1.35/gallon. It had gone up only minimally in 17 years. Meanwhile, everyone around me was buying SUVs, moving further and further from work, building lives that required multiple cars... based on the assumption that gas, apparently, was a free and renewable resource.
Gas isn't going anywhere but up.
When we were looking at apartments, we found fantastic apartments for $589 a month after discounts. Loved it. New construction, good neighborhood, etc. However, it was 30 miles away from downtown. We sat down and figure that it would be...
30x2x2x5 = 600 miles a week. Both of our cars get an average of 25 MPG. So, 600/25 = 24 gallons of gas a week x 4 weeks a month = 96 x $3.50 = $336 month on gas. Let's adjust that to $4 a gallon. $384 on gas a month then. And that is just to get to and from work and uni. That is it. No other driving to the store, no visiting friends, etc. Both of us have too different schedules to carpool.
So we had to say no to those apartments. When all was said and done the final cost was $589 (rent) + $350 (gas estimate) = $939. Instead we chose another set of apartments 4.5 miles away from my work and 10 miles away from my husband's work/uni. So now we are down to 145 miles a week. 145/25 = 5.8 x $3.50 = $20.30 a week or about $81 a month. So our new apartment costs $739 + $81 (gas) = $820. A difference of about $100-$119 when all is said and done. So although it seems more expensive on the face to spend $739 vs $589 for rent, in the end the former was cheaper. Even if gas goes to $4, it is only a difference of about $3. Much, much more manageable.
For what it is worth, there is no real option of finding a cheaper apartment that is also closer to where we need to go.