Dive summary:
- In a report released at a clean-energy conference, the University of Michigan Transportation Research Institute says that three- and five-year comparisons show that diesel vehicles have a solid financial advantage over the cost of operating equivalent vehicles that run on gasoline.
- In the five-year period, the study said, the savings generally range between $2,000 and $6,000, the report said, and passenger vehicles have significant savings in the three-year comparisons, too.
- Diesel fuel is priced higher than gasoline, but the Michigan study determined that diesel vehicles get 8% to 44% better mileage than gasoline vehicles, taking away the advantage at the pump.
From the article:
“In addition, as the U.S. moves to the increase fuel standards of 54.5 mpg by 2025, drivers will become more aware of the advantages diesels have over other vehicles in many important areas.” ...