Enter your car’s MPG, your average car miles driven per month, and the cost of gas into the calculator to determine your gas cost per month.

Gas Cost Per Month Formula

The following equation is used to calculate the Gas Cost Per Month.

CGM = M / MPG * GC
  • Where CGM is the gas cost per month ($/month)
  • M is the monthly miles driven on average
  • MPG is the miles per gallon of the car
  • GC is the average cost of gas for the month ($/gallon)

To calculate the gas cost per month, divide the monthly miles by the MPG, then multiply by the cost of gas.

What is the Average Gas Cost Per Month?

Definition:

The average American household spends about $250 per month on gasoline. That’s about $2,900 per year. If you drive a car that gets 30 miles to the gallon, then you’ll spend about $60 per week at the pump.

FAQ

How can I improve my car’s MPG to reduce my gas cost per month?

To improve your car’s MPG and reduce gas costs, ensure regular maintenance such as tire pressure checks, oil changes, and air filter replacements. Driving habits also affect fuel efficiency; avoid rapid acceleration and excessive idling.

What factors influence the cost of gas?

The cost of gas is influenced by several factors including crude oil prices, refinery processes, demand, taxes, and distribution and marketing costs. Seasonal changes and geopolitical events can also have a significant impact.

Is it more cost-effective to use electric vehicles compared to traditional gasoline-powered cars?

Electric vehicles (EVs) can be more cost-effective in the long run due to lower operating costs, including cheaper electricity compared to gas, fewer maintenance requirements, and potential tax incentives. However, initial purchase prices can be higher, and savings depend on electricity rates and driving habits.