AAA Fuel Cost Equation:
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The AAA Fuel Cost Calculator estimates annual fuel expenses based on your annual mileage, vehicle fuel efficiency (MPG), and current fuel prices. This helps budget for transportation costs and compare different vehicles.
The calculator uses the AAA fuel cost equation:
Where:
Explanation: The equation calculates total gallons used per year, then multiplies by price per gallon to get total annual cost.
Details: Understanding annual fuel costs helps with budgeting, vehicle purchase decisions, and evaluating the cost-effectiveness of more fuel-efficient vehicles.
Tips: Enter accurate annual mileage (check odometer or use 12,000-15,000 miles as average), your vehicle's actual MPG (not EPA estimates if you have real-world data), and current local fuel prices.
Q1: Where can I find my actual MPG?
A: Track miles driven between fill-ups and gallons used. Divide miles by gallons for actual MPG.
Q2: How accurate is this calculation?
A: Accuracy depends on input precision. Using actual MPG (not EPA estimates) and exact mileage improves accuracy.
Q3: Should I include all vehicles?
A: For household budgeting, calculate each vehicle separately then sum the totals.
Q4: Does this include other costs?
A: No, this only calculates fuel costs. Consider maintenance, insurance, and depreciation for total ownership cost.
Q5: How often should I recalculate?
A: Recalculate when fuel prices change significantly or your driving patterns/mileage change.