How much does it cost you to drive one mile?
Jul 2, 2008 Current Events, Grab Bag
If you know just how much it costs to drive around town, it might keep you from making unnecessary trips, thus, saving you money. So, how much does it cost for you to drive a mile? Don’t know? That’s ok, here’s how you find out:
- Next time you fill up your gas tank, reset your odometer.
- Then, when you have to fill up again, take note of how much it costs to fill up
- Divide the fill-up cost by the number of miles you were able to drive on that last tank.
- Bada bing, bada boom, there is your average cost-per-mile (at least for that tank)
For me, it’s right at $.25/mile. It really puts things into perspective when I realize that to drive across town, it will cost me 10 bucks or so EACH WAY. Maybe I should just stay home!
Anyways, do this and report back. OR, if you already have, what’s the damage?
July 2nd, 2008 at 12:52 pm
I did the math yesterday, if I traded my F-150 in on a Toyota Yaris. It would pay for itself in 5 years on GAS SAVINGS ALONE. Right now I’m at $88/fill up and get <400 miles/tank. With a Yaris I’d have a tank 1/2 the size but get more then twice the gas mileage.
Now I just have to fit 6′5″ of me into 2′0″ of Yaris interior.
Mackaliciouss last blog post..$400,000,000.00
July 2nd, 2008 at 1:02 pm
now THAT’S a funny mental image
July 2nd, 2008 at 6:58 pm
I keep tabs on my mpg for every tank, so using my average around-town mpg and the current cost of gas at the corner, I’m looking at 16 cents a mile.
Jasons last blog post..Books…Oh, No…
July 2nd, 2008 at 7:02 pm
that’s not too bad!
July 2nd, 2008 at 10:24 pm
I track mine too. Because of all of the traveling I do for work, I get a $500/month stipend. It used to work to my advantage (barely)…not any more!
morethananelectricians last blog post..If I am not on your Blogroll…
July 2nd, 2008 at 10:34 pm
Wow, that must be a LOT of travel is $500 isn’t covering it!
July 3rd, 2008 at 10:23 pm
stay at home… that will save you a lot.. or better yet, walk…
ifoundmes last blog post..friends
October 20th, 2008 at 4:11 pm
[...] I posted on something like this before, but if you are going to take a trip, this might be a helpful tool in planning your expenses. For example, if I had driven my own car down to go camping last week, it would have cost me roughly $35: [...]