You can use this gas mileage calculator to figure out how much you'll spend on fuel when driving your car. To use this calculator, you'll need to know your odometer readings, fuel consumed, and the price of fuel. The calculator provides you with the fuel mileage achieved (MPG), fuel cost per mile, as well as the fuel cost per month and year.
The variables used in our online calculator are defined in detail below, including how to interpret the results.
These are the initial and final odometer readings taken from the vehicle when filling the car with gasoline.
This is the number of gallons of gasoline consumed when refueling between the two consecutive odometer readings indicated earlier. If paid by credit card, this information should appear on the receipt provided by the gasoline pump.
This is the price paid for gasoline. Once again, this information can be found on the receipt received when filling up the car's fuel tank.
This value is the number of miles you anticipate driving the car each year. This number is used to calculate the monthly and annual fuel costs.
This figure is simply the number of miles driven between refueling. It is the difference between the starting and final odometer readings.
The miles per gallon, or MPG, are calculated by taking the miles traveled and dividing it by the gallons of gasoline consumed to travel that same distance.
The fuel cost, stated in terms of cents per mile, is found by taking the MPG determined in the prior step and dividing it by the price of fuel.
This value is the expense associated with driving the vehicle each month or year. The two inputs required to calculate these values are the miles driven each year and the fuel cost stated in terms of cents per mile driven.
Gas Mileage Calculator - Copyright © 2008 - 2015 Money-Zine.com (Last Reviewed on January 16, 2015)
Disclaimer: These online calculators are made available and meant to be used as a screening tool for the investor. The accuracy of these calculations is not guaranteed nor is its applicability to your individual circumstances. You should always obtain personal advice from qualified professionals.