How do you calculate fuel cost per mile?
Divide total actual or estimated fuel expenses by actual or estimated annual miles driven to calculate annual fuel cost per mile. For example, if you drove 15,000 miles and spent $1,600 on fuel over the past year, your fuel cost is 1,600 divided by 15,000, or 10.67 cents per mile.
How do you calculate price per gallon?
Take the mileage of the total distance of your trip and divide it by your miles per gallon to get the number of gallons of gas you will need on your trip. Then multiply that figure by the current price of gas, and the result is the estimated cost of gas for your road trip.
How much should I charge for gas per mile?
57.5 cents per mile for business miles (58 cents in 2019) 17 cents per mile driven for medical or moving purposes (20 cents in 2019)
How do I calculate gas cost for a trip?
Calculate the overall gas cost of your trip First, divide the distance of the route by your miles per gallon figure to find out how many gallons of gas you will need. After that, multiply the number of gallons by the price of gas to calculate the gas cost for your journey.
How does one calculate miles per gallon on a vehicle?
– MPG = (Mileage B – Mileage A)÷Gallons. – Subtract Mileage A from Mileage B. This will give you the number of miles you drove since your last fill-up. – Divide your answer by the number of gallons (Gallons B) it took to fill up your tank. This will give you your car’s MPG.
What is the formula to figure miles per gallon?
The formula for calculating Miles Per Gallon is simply miles driven divided by gallons used. So to calculate the miles driven you take the miles at the end of the tank and subtract the Miles at the start of the tank, and then you divide that by the total gallons of gas used. (end – start) = miles driven.
How do you calculate mileage cost?
Using the number of miles, the monthly fixed costs, and the monthly variable costs we can calculate your costs per mile. To calculate the “cost per mile,” divide the cost by the number of miles you drove that month.
How many miles does a car get to the gallon?
Divide the number of miles driven by the gallons of gas you put in the car; the result is your car’s typical miles per gallon. For example, if you drove 200 miles on 8 gallons of gas, your car averaged 200/8 = 25 miles per gallon.
