Daily Archives: March 7, 2014

NoTrading

Cost to Operate the Chevy #Volt

I want to save our planet —
Cost to operate a Chevy Volt

Eric Bolling (Fox Business Channel’s “Follow the Money”) test drove the Chevy Volt at the invitation of General Motors.

For four days in a row, the fully charged battery lasted only 25 miles before the Volt switched to the reserve gasoline engine. Eric calculated the car got 30 mpg including the 25 miles it ran on the battery. So, the range including the 9 gallon gas tank and the 16 kwh battery is approximately 270 miles. It will take you 4 1/2 hours to drive 270 miles at 60 mph. Then add 10 hours to charge the battery and you have a total trip time of 14.5 hours. In a typical road trip your average speed (including charging time) would be 20 mph.

According to General Motors, the Volt battery holds 16 kwh of electricity. It takes a full 10 hours to charge a drained battery.

The cost for the electricity to charge the Volt is never mentioned so I looked up what I pay for electricity.

I pay approximately (it varies with amount used and the seasons) $1.16 per kwh.

– 16 kwh x $1.16 per kwh = $18.56 to charge the battery.

$18.56 per charge divided by 25 miles = $0.74 per mile to operate the Volt using the battery.

Compare this to a similar size car equipped with only a 4 cylinder gasoline engine that gets 32 mpg.

– $3.19 per gallon divided by 32 mpg = $0.10 per mile.

The gasoline powered car cost about $15,000 while the Volt costs $46,000.

So Obama wants us to pay 3 times as much for a car that costs more that 7 times as much to run and takes 3 times as long to drive across country.

REALLY? No wonder GM is having trouble selling the Volt !

http://www.snopes.com/politics/business/chevyvolt.asp

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USA

The Bar Is Really Low For Friday’s Jobs Report #NFP

Perhaps the most notable development in the run-up to Friday’s jobs report is just how low the bar has been set.
The fact that the survey period over which the U.S. Bureau of Labor Statistics collected data for the report (the week that included the 12th of February) coincided with nasty winter storms has received a ton of attention on the Street and in the press.

Moreover, Wednesday’s economic data docket delivered two data points that further served to reduce expectations. The first one was payroll-processing firm ADP’s February National Employment Report, which estimated only 139,000 workers were hired to private-sector payrolls last month (below market economists’ consensus 155,000 forecast). The second one was the Institute for Supply Management’s February survey of non-manufacturing firms (the non-manufacturing sector accounts for around 80% of U.S. economic activity), the results of which were indicative of the first monthly contraction in hiring since 2010.

 

http://www.businessinsider.com/february-jobs-report-preview-2014-3

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