Cost per mile formula:
From: | To: |
The cost per mile calculation helps determine how much you spend on fuel for each mile driven. It's a valuable metric for budgeting and comparing vehicle operating costs.
The calculator uses the simple formula:
Where:
Explanation: Dividing the fuel price by your vehicle's MPG gives you the cost to drive one mile.
Details: Knowing your cost per mile helps with budgeting fuel expenses, comparing vehicle efficiency, and making informed decisions about transportation choices.
Tips: Enter current fuel price in USD/gallon and your vehicle's MPG rating. Both values must be positive numbers for accurate calculation.
Q1: Where can I find my vehicle's MPG?
A: Check your owner's manual, fuel economy stickers, or use your trip computer's average MPG reading.
Q2: How accurate is this calculation?
A: It provides a good estimate but actual costs may vary based on driving conditions, vehicle maintenance, and driving habits.
Q3: Should I use city or highway MPG?
A: Use the MPG that matches your typical driving conditions, or calculate separate costs for each scenario.
Q4: Does this include other vehicle costs?
A: No, this only calculates fuel costs. Total cost per mile would include maintenance, insurance, depreciation, etc.
Q5: How can I reduce my cost per mile?
A: Improve your MPG through proper maintenance, efficient driving habits, or consider a more fuel-efficient vehicle.