GO
Loading...

GMC most expensive per-mile fuel costs, says study

Paul A. Eisenstein, CNBC Contributor
Saturday, 3 Aug 2013 | 1:00 AM ET
Daniel Acker | Bloomberg | Getty Images

Fuel prices have been riding the proverbial roller-coaster in recent months and that has more American motorists than ever focused on finding the most mileage-minded vehicles available that can fit their needs.

While it's hard to find a manufacturer that hasn't been pushing for improved fuel economy, there's still a big gap between brands, according to a new study that finds the typical GMC product has, on average, the costliest products to operate in terms of fuel costs per mile. Parent General Motors, in fact, produces six of the 10 costliest vehicles in terms of gas consumption, according to the study by tracking service GasBuddy.com.

At the other extreme, Honda was the least expensive brand, at a cost of just 12.8 cents per mile compared with 21.2 cents for GMC.

(More from The Detroit Bureau: Honda earnings slide despite surge in sales)

Ford launches nat gas truck
Ford's will offer a nat gas version of its best selling pick up truck, the F-150, CNBC's Phil LeBeau reports.

Potential buyers should take caution before steering clear of any brand, however, and instead do an apples-to-apples comparison of similar products, cautioned GasBuddy's senior analyst Patrick DeHaan, who noted that brand-based costs "depend upon the manufacturer's lineup.

"Honda puts out quite a few high-mileage models," DeHaan told TheDetroitBureau.com, while, "GMC is weighted to heavy-duty models which aren't going to get as good fuel economy.

(More from The Detroit Bureau: Mercedes is top target for luxury car thieves)

On the whole, the industry has made major strides in mileage. A study by the University of Michigan Transportation Research Institute found that fuel economy, on the whole has climbed to record levels in recent months, and with only a rare exception continues to increase each month.

Even big pickups like the GMC Sierra are getting better mileage than ever before—though DeHaan stressed that the biggest gains are coming on passenger cars.

(Read more: Cheapest & most expensive cars to drive)

At the average national price for fuel this month, the tracking service estimated the Toyota Prius cost just 7.2 cents per mile to operate. That was less than a quarter of what it would take to fuel the big Chevrolet Suburban. And for two drivers putting on 1,500 miles behind the wheel, that would add up to a difference of $310.

The new GasBuddy study did not, however, do an apples-to-apples comparison, such as pitting a midsize Toyota Camry against, say, a Ford Fusion or Nissan Altima, or a Chevrolet Silverado pickup against a Toyota Tundra or Ford F-150.

But on a brand level, the truck-focused GMC was clearly the most expensive when it came to per-mile fuel costs at 21.2 cents, followed by Cadillac at 19 cents, Mercedes-Benz at 18.6 cents, Jeep at 18.5 cents a mile and Jaguar at 18.4 cents.

(More from The Detroit Bureau: New 2014 Toyota Tundra pickup)

While Honda was cheapest, at 12.8 cents, Kia was close behind at 12.9 cents per mile, followed by Hyundai, Volkswagen, Mazda, Subaru, Mitsubishi and Toyota.

By CNBC Contributor Paul A. Eisenstein. Follow him on Twitter @DetroitBureau or at thedetroitbureau.com.

  Price   Change %Change
GM
---
DBK
---
7267.T
---
7203.T
---
F
---
7201.T
---

Featured

Contact Autos

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More