Buying a new car is a big decision. Use these tips to make sure you are prepared before you go car shopping.

If you’re in the market for a new car, then you may be familiar with fuel economy labels. These labels list the gas mileage estimates for city and highway driving.

Starting with 2013 model year vehicles, you will be able to easily see how much you will save on gasoline with a more efficient vehicle, such as a hybrid, electric, or alternative fuel vehicle. The labels will show the traditional miles per gallon estimate and will also tell you the average annual fuel cost and how much you would save by buying a fuel efficient car. 

The new labels also feature a Quick Response (QR) code that allows you to comparison shop using a smart phone. You can scan the QR code with your phone to store that vehicle’s information, compare it to other vehicles, and access Fueleconomy.gov for more detailed estimates based off current gas prices and electricity rates in your area.

These new additions to the fuel economy label will help you understand the long-term cost in addition to the sticker price.

For more information on the new labels visit Fueleconomy.gov.

Photo “Stopping for gas” taken by Average Jane on Flickr

You’ve probably noticed the steep increase in gas prices over the past week. Nationwide, drivers have seen average gas prices of $3.38 per gallon, similar to what we normally see in the peak of the summer driving season. The price increases are a result of the unrest in Libya and the Middle East.

This sudden jump in prices is causing people across the country to examine their driving behavior. This may be a great reason to look into buying a more fuel efficient or hybrid vehicle. Even if you aren’t in the market for a new car right now, here are some tips to increase your car’s fuel efficiency and get the most for your gasoline dollar:

• Drive sensibly - Aggressive driving, such as speeding, rapid acceleration and braking, wastes gas.
• Combine trips when possible - Several short trips starting from a cold engine can use twice as much fuel as longer multi-purpose trips when the engine is warm.
• Observe the speed limit - Gas mileage usually decreases at speeds above 60 mph
• Remove excess weight - Avoid keeping unnecessary items in your vehicle. The reduction of an extra 100 lbs could increase your mileage by 2%
• Carpool or take public transportation - You can save by taking turns driving with other commuters

For more information about saving money at the pump, visit fueleconomy.gov.