If you're interested you better speak up now because the Hennessey people are only making a few of them. The Hennessey Venom GT has been named the world's fastest production car, taking away the title from the Bugatti Veyron Super Sport. The fastest street-legal production car in the world has a maximum speed of 265.7 mph, while the production Veyron, which features a tuned engine, maxes out at 258 mph. The Veyron Super Sport still holds the title as the world's fastest car, with the pre-production model reaching 267.8 mph.

It might be fun to make a run on the interstate (driving within the speed limit) in one of these. (And then again, it might be more fun to open it up on a test course or track.) But it will set you back a little... $1.2 million.

According to the NY Daily News, the Hennessey Venom GT was tested in February but the figures have only now been ratified. The car, which is loosely based on the Lotus Exige, is powered by a twin turbo-charged 7.0-liter V-8 engine. It pumps out 1244 horespower and, as the car weighs exactily 1244kg, its power to weight ratio is 1000 horsepower per ton.

"While a Veyron Super Sport did run 267.8 mph, Bugatti speed-limits its production vehicles to 258 mph," said company founder and president John Hennessey. "Thus, at 265.7 mph the Venom GT is the fastest production car available to the public." Hennessey also suggested that his company was at a disadvantage because it only had a 2.9-mile runway over which to set its benchmarks, whereas the Veyron had the luxury of using Volkswagen Group AG's private test track located near Ehra-Lessien, Germany which, at 5.9 miles, has one of the world's longest straight sections of track. "Afforded the same distance to accelerate, the Venom GT would exceed 275 mph," said Hennessey.

In February of 2013, the Venom GT officially became the quickest accelerating production vehicle in the world as it ran 0-300 km/h in 13.63 seconds, thus establishing a new Guinness World Record. The car also managed to go from 0-60 mph in 3.05 seconds and 0-100 mph in 5.88 seconds, and it ran the standing quarter-mile in 10.29 seconds at 158.83 mph.

Only 29 Venom GTs are scheduled to be built and each will cost their lucky owner $1.2 million plus shipping, not including options. Hennessey claims that the first 10 have already been sold.

While there was no discussion of fuel economy, I'm guessing that when I hit Lotto and splurge for one of these, I'll fill it up with premium. What the heck, you only live once.