This paper examines the effect of pulse-and-glide (PnG) driving strategies on the fuel efficiency when applied on parallel HEVs. Several PnG strategies are proposed, and these include the electrical, mechanical, and combined PnG strategies. The electrical PnG strategy denotes the hybrid powertrain control tactics in which the battery is charged or discharged according to the power demanded while maintaining the constant vehicle speed. On the other hand, the mechanical PnG strategy denotes the powertrain control tactics in which the vehicle accelerates or decelerates according to the power load while minimizing the battery usage. The combined PnG strategy involves both electrical and mechanical strategies to find a balanced point in between them. Here, a tradeoff relationship between the fuel efficiency and the vehicle drivability related to the tracking performance of the desired target speed is revealed. In the assessment of the feasibility of applying each of the formerly mentioned hybrid driving strategies, the causes of driveline heat loss are recorded and analyzed by their types. These include the engine heat loss, engine friction loss, motor loss, and the resistance loss. The motor loss includes all of the electrical energy loss induced in the powertrain electronics, and the resistance loss includes the loads acting on the vehicle such as the aerodynamic drag and rolling resistance. These factors are quantitatively analyzed for different driving strategies along with the related fuel efficiency in an integrated manner. The experimental validation is conducted using a real HEV equipped with a gasoline spark-ignition engine, transmission-mounted electric drive, and a 6-speed dual clutch transmission.