Calculate your annual fuel cost from miles driven per year, day or week, your car’s MPG or L/100 km and the gas price, with monthly and daily averages.
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Annual Fuel Cost Formula
The following formula could be used to calculate your annual fuel cost of driving.
- Where C is your annual fuel cost
- M is the total yearly mileage
- mpg is the miles per gallon your car gets
- g is the average cost of a gallon of gas
To calculate annual fuel cost in US units, divide yearly miles by US miles per gallon, then multiply by USD per US liquid gallon. In metric units, multiply kilometers by L/100 km, divide by 100, then multiply by USD per liter. Unit changes convert quantities; weekly and daily figures are averages based on 365 days.
Annual Fuel Cost Definition
An annual fuel cost is defined as the total cost spent on fuel during a year.
Annual Fuel Cost Example
How to calculate annual fuel cost?
- First, determine the yearly mileage.
Calculate how many miles you drive per year.
- Next, determine your mpg.
Determine your average miles per gallon.
- Next, determine your average cost of a gallon.
Calculate the cost of a gallon of gas.
- Finally, calculate your annual fuel cost.
Calculate your annual fuel cost using the formula above.
FAQ
On average drivers living in America drive between 10,000 and 15,000 miles per year.
Fuel prices vary by location, grade and date. Enter the current USD price you expect to pay, using either US gallons or liters.
Most modern sedans can achieve 25-35 miles per gallon, while SUVs get 15-25 miles per gallon.
