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Chicago Fed Letter, No. 28, December 1989
S&Ls: Running on Empty

Absent a working gas gauge, you could keep a log book, tracking the amount of gas you have put into the car. This is a good deal trickier because you must also take into account the average miles per gallon your car gives, the proportion of city vs. highway driving, and many other factors that may affect your car's mileage. You are more likely to unwittingly run out of gas by using the log-book method of accounting than by consulting your on-line, real-time gas gauge.

Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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