Drooling Elmo

Hyperinflation, Here We Come

Sorry Andy So, I don't know where to begin. So I won't even try.

I will say though that my newly bought 1999 Suburban has a 44 gallon gas tank and costs me about $200 to fill up now and if I had owned it a year ago it would have cost me about $125 to fill up.

I looked at this vehicle with my neighbor in July 2007 and the asking price was $12,995 and it had 68,000 miles. My neighbor ended up getting it for $12,000. Last week I saw it in his yard for sale and I bought it, now with 74,500 miles for $6700. Almost 50% depreciation on one year on a nine year old vehicle. I'll bet that has never happened before on a vehicle that old.

The amount I saved offsets the extra price in gas for over 3 years.

$11,000 Truck value if gas prices were still $3.15
$6700 Truck value with $4.15 gas

$4300 Savings

$75 Extra cost to fill up tank

$4300/$75