Data compiled by TrueCar exclusively for Reuters suggests that, despite the fact that the going rate for a gallon of gas in the U.S. is $3.59, there's still no rush to purchase fuel efficient vehicles.
Take, for example, the month of June, when the average fuel economy of passenger vehicles declined for a third consecutive month to its lowest point since January. According to preliminary figures released by TrueCar, the average fuel economy rating of vehicles sold last month came in at 21.6 miles per gallon. That's down from the 21.9 mpg reported in May but up from the 21.2 mpg average recorded back in mid-2008.
June sales were impacted by quake-related shortages that put a significant dent in hybrid vehicle sales, which likely skewed the results, but it's increased sales of gas-gulping vehicles, including the Ford F-150 and Ford Explorer, that TrueCar says led to the decline in average fuel economy.