Understanding Your Car's Fuel Expenses: A Comprehensive Guide To Annual Costs

The average American driver spends about $3,000 per year on gas, according to the American Automobile Association. AAA released the results of its annual 'Your Driving Costs' study in 2012, revealing a 1.9 percent rise in the yearly costs to own and operate a sedan in the U.S. The average costs rose 1.1 cents per mile to 59.6 cents per mile, or $8,946 per year, based upon 15,000 miles of annual driving.

Average American fuel cost

The price of gas may go up or down, but it's always a major expense for most drivers. The average American driver spends about $3,000 per year on gas, according to the American Automobile Association.

According to NerdWallet's 2021 rate analysis, the average annual cost of car insurance in America is $1,592, which works out to $132.6 per month.

According to The Balance Money, when you include the price of ownership, the price of your loan, the costs of insurance, costs of maintenance, and costs of gas, you are looking at spending around $10,800 to $12,000 per year to own a car—bringing the total costs to almost $68,400 over the six years of car ownership on average.

According to Protech Automotive, increases in gas and tires drive up average costs for sedans to $8,946 yearly, 59.6 cents per mile; SUV costs up to $11,360 yearly, 75.7 cents per mile.

According to U.S. Energy Information Administration (EIA), the compliance fuel economy of midsize passenger cars using gasoline is projected to increase from about 35 miles per gallon (mpg) today to more than 53 mpg in 2025 by adding fuel efficiency technology, including micro and mild hybridization.

Cost of fuel for sedans

The average American driver spends about $3,000 per year on gas, according to the American Automobile Association. AAA released the results of its annual 'Your Driving Costs' study in 2012 revealing a 1.9 percent rise in the yearly costs to own and operate a sedan in the U.S. The average costs rose 1.1 cents per mile to 59.6 cents per mile, or $8,946 per year, based upon 15,000 miles of annual driving.

The price of gas may go up or down, but it's always a major expense for most drivers. Walking or biking does not consume fuel, and as such does not accumulate fuel cost. In most cases, public transport alternatives to cars such as buses, trains, and trolleys are viable options of reducing fuel costs.

Increases in gas and tires drive up average costs for sedans to $8,946 yearly, 59.6 cents per mile; SUV costs up to $11,360 yearly, 75.7 cents per mile.

For a vehicle driven 12,000 miles annually, 116 gallons of fuel are saved annually compared to a midsize car today, or $408 per year if gasoline is $3.50 per gallon (2012$).

Assuming you are (once again) average in every way, you can find out your annual gas costs by dividing the miles driven per year by the miles per gallon your vehicle gets, then multiplying that number by the price per gallon. In this “average” case, the math is (13,476 / 24.9) • $2.00 = $1,082.41 per year.

Cost of fuel for SUVs

The average annual cost of car fuel is $3,000 according to the American Automobile Association. AAA released the results of its annual 'Your Driving Costs' study in 2012 revealing that the yearly costs to own and operate a sedan in the U.S. rose by 1.9 percent. The average costs rose 1.1 cents per mile to 59.6 cents per mile, or $8,946 per year, based upon 15,000 miles of annual driving. The average driving cost for 2012 is up due to relatively large increases in fuel and tire costs, and more moderate increases in other areas.

The cost of fuel for SUVs is up to $11,360 yearly, 75.7 cents per mile. According to NerdWallet's 2021 rate analysis, the average annual cost of car insurance in America is $1,592, which works out to $132.6 per month.

The price of gas may go up or down, but it's always a major expense for most drivers. The average American driver spends about $3,000 per year on gas. Assuming you are average in every way, you can find out your annual gas costs by dividing the miles driven per year by the miles per gallon your vehicle gets, then multiplying that number by the price per gallon. In this “average” case, the math is (13,476 / 24.9) • $2.00 = $1,082.41 per year.

The compliance fuel economy of midsize passenger cars using gasoline is projected to increase from about 35 miles per gallon (mpg) today to more than 53 mpg in 2025 by adding fuel efficiency technology, including micro and mild hybridization. These additions raise the average vehicle price from about $25,000 (2012$) to more than $27,000. For a vehicle driven 12,000 miles annually, 116 gallons of fuel are saved annually compared to a midsize car today, or $408 per year if gasoline is $3.50 per gallon (2012$).

Car maintenance costs can also vary quite a bit, and total up to several thousand dollars per year. When you include the price of ownership, the price of your loan, the costs of insurance, costs of maintenance, and costs of gas, you are looking at spending around $10,800 to $12,000 per year to own a car—bringing the total costs to almost $68,400 over the six years of car ownership on average.

Fuel cost calculator

The average American driver spends about $3,000 per year on gas, according to the American Automobile Association. AAA released the results of its annual 'Your Driving Costs' study in 2012, revealing a 1.9 percent rise in the yearly costs to own and operate a sedan in the U.S. The average costs rose 1.1 cents per mile to 59.6 cents per mile, or $8,946 per year, based upon 15,000 miles of annual driving.

The price of gas may go up or down, but it's always a major expense for most drivers. Assuming you are average in every way, you can find out your annual gas costs by dividing the miles driven per year by the miles per gallon your vehicle gets, then multiplying that number by the price per gallon. In this “average” case, the math is (13,476 / 24.9) • $2.00 = $1,082.41 per year.

The fuel cost calculator can estimate fuel cost according to the distance of a trip, the fuel efficiency of the car, and the price of gas using various units.

The calculator can also help you estimate the fuel cost of a trip by entering the distance of the trip, the fuel efficiency of the car, and the price of gas. This can be useful for planning trips and budgeting for fuel costs.

The calculator can also be used to compare the fuel costs of different vehicles by entering the fuel efficiency of each vehicle and the price of gas. This can be useful for deciding which vehicle to buy or lease.

Annual gas costs

The price of gas may go up or down, but it's always a major expense for most drivers. The average American driver spends about $3,000 per year on gas, according to the American Automobile Association.

The total cost of owning a car is around $10,800 to $12,000 per year, which includes the price of ownership, the price of your loan, the costs of insurance, costs of maintenance, and costs of gas.

The total costs to almost $68,400 over the six years of car ownership on average.

Increases in gas and tires drive up average costs for sedans to $8,946 yearly, 59.6 cents per mile; SUV costs up to $11,360 yearly, 75.7 cents per mile.

The compliance fuel economy of midsize passenger cars using gasoline is projected to increase from about 35 miles per gallon (mpg) today to more than 53 mpg in 2025 by adding fuel efficiency technology, including micro and mild hybridization.

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