Do You Really Know How Much You Spend For Gas Per Year?

Do you really know how much you spend on gas over a 12 month period? As the price of gas has grown so has your yearly gas cost. If you do figure it out you may very well be surprised and it won't be a pleasant surprise. Gasoline has become a major piece of your family budget. Do you really know how much you are spending for gas annually? Most drivers know much it costs to fill their car but not many can state with accuracy how much they spend 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.

There seems to be no end in sight to the daily increases to the price of gas. $3.00 per gallon, $3.29 per gallon, $3.49 per gallon are prices that we have seen this year. A while back $3.00 per gallon seemed really high. Now $3.00 seems like a good price!

The American Automobile Association generally figures 15,000 miles as an average amount of miles per vehicle per year.They use that figure when they do cost calculations. If you on average travel 15,000 miles a year in a auto that has a fuel economy of 20 miles to the gallon, you will purchase somewhere in the neighborhood of 750 gallons of fuel per year. If the price is $3.00/gallon that means an expense of $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.

At $3.49 per gallon the numbers are considerably higher. If you have one car at 15,000 miles per year you will spend over $2600.00 per year. A two car family would spend over $5200.00 per year. That equates to $437.00 per month. You could easily be spending more for gas than your monthly car payments.

Every time that the price of gas goes up at the fuel pump by 10 cents the total increase for your two car family will be $150.00 per year. When you see the price jump 20 cents in one day, think annually. Realize that the 20 cent increase will cost you $300.00.

When you think about the annual cost of your gas it is very sobering. When you think about spending $5200.00 per year, you might want to serious look at ways to reduce that cost. When you realize that the 20 cent increase today will cost you $300.00 this year you might decide now is the time to do something about it.

Scott Siegel has written a 143 page manual of automotive industry insider information 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.
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