Driving Costs Add Up

Gasoline prices have been dropping for nearly three weeks -- welcome news for those planning a last-minute getaway on the road before the fleeting days of summer have disappeared.

Still, it's important to note that gas prices have accelerated faster than prices for other products, adding $1.04 per gallon over the past year. That equates to a 37% rise, vs. 5% inflation for all goods.

Each gallon may now cost less than the record $4.114 per gallon reached in mid-July, according to AAA and the Oil Price Information Service, but $3.881 per gallon is no bargain. (Not on American soil, at least.)

Furthermore, while gas can take up the lion's share of driving costs these days, there are quite a few other factors to consider: Maintenance, insurance, finance charges, government fees and taxes, as well as depreciation. Many dealers are practically throwing themselves at potential customers' feet to move cars off the lot, which can offer good opportunities for those in need of new wheels. ...