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Viewing Do You Really Know your Annual Cost of Gas?Do You Really Know your Annual Cost of Gas?
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How much do you spend on gas over a 12-month period? If you know, you are unusual. As the price of gas increases, so does your yearly gasoline cost. For budgeting purposes, you really need to know how much you are spending for gas during the year. By Scott Siegel How much do you spend on gas over a 12-month period? If you know, you are unusual. As the price of gas increases, so does your yearly gasoline cost. Gasoline has become one of the major components of your family budget. In order to maintain a proper family budget, you really need to know how much you are spending for gas during the year. Most drivers are familiar with the amount of money it costs to fill the car, but few can state with certainty the total spent per year. It is easy to figure out, and only takes a few minutes. That being the case, one would think that most drivers would take the time to work the calculations and determine their annual expense. But most don't. If they did, they might realize how important it is to their financial health to do something about it. Almost every day, we see increases to the price of gas. The American Automobile Association uses 15,000 miles as an average amount of miles traveled per vehicle when they calculate costs. If you on average travel 15,000 miles a year in a vehicle that runs at about 20 miles to the gallon, you will purchase around 750 gallons of gasoline per year. If the price is $3.00 per gallon that equals $2250.00 per year. If you are part of a two-vehicle household and both vehicles average 15,000 miles per year, you will use 1500 gallons of fuel annually. 1500 gallons at a pump price of $3.00 per gallon is an expense of $4500.00 per year. If the price of gas is $3.49 per gallon, of course, the results are significantly higher. If you are a one-car household utilizing 15,000 miles per year, you will have an expense of over $2600.00 annually. If you are a two-car family, your yearly costs will be over $5200.00 annually. That equates to $437.00 monthly. You are likely spending more for fuel than you spend on a car payment. Every time the price of fuel goes up at the pump by 10 cents, the yearly increase for your two-car household is $150.00. When the price of fuel jumps 20 cents in a single day, understand that it will increase the cost to you by about $300.00 per year. When you consider the yearly cost of your gasoline it is staggering. When you consider that you may be spending $5200.00 per year just for gas, it could well be time to seriously look at ways to lower that cost. As you figure out the 20-cent increase at the pump today will really cost $300.00 this year, it becomes a great motivator to do something about it. About the Author: Scott Siegel has written a 143-page manual of industry insider secrets on saving gas and dollars at the pump (beatthegaspump.com). Visit us to discover how you can get better gas mileage. Find out how to increase gas mileage. Article Source: 1st Rate Articles - http://1stRateArticles.com |
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