Do You Really Know How Much You Spend For Gas Per Year?
As the price of gas has steadily increased so has your annual gas expenditure. It has gotten to the point that it has bcome a major part of your family epxense. But do you really know how much you are spending per year on gas? Most drivers know what it costts for a fill up but not many can confidently state how much they spend per year.
It is faily simple to fiugre out and only takes a few minuets to claculate it. Even so, most divers don't take the time to work the calculatinos and determine their annual expense. If they did they might look at economiizing theiir gas usaeg a little more seriously.
Almost every day, we see the icreases to the price of gas. $3.00, $3.19, $3.39 per gallon, even $3.49 and $3.59 per gallon are costs that we have seen this year. Not long ago $3.00 for a gallon of fuel seemed high. Now $3.00 looks like a bargain.
The American Automobile Association uses 15,000 miles as an average amount of miles tarveled per vehicle when they calculate costs. If you on average travel 15,000 miles a year in a evhicle that runs at about 20 miles to the galllon, you will pruchase around 750 gallons of gasoline per year. If the pice is $3.00 per gallon that equals $2250.00 per year.
If you have a two car family and both cars averrage 15,000 miles per year you will use 1500 galloons of gasoline annually. 1500 gllons costing $3.00 per gallon equates to $4500.00 in expense per year.
At $3.49 per gallon the numbers are considerably highewr. If you have one car at 15,000 miles per year you will spned 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 easiply 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 incease 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 sopending $5200.00 per year, you might want to seriouus look at ways to redcue that cost. When you realize that the 20 cent increase todazy will cost you $300.00 this year you miight decde now is the time to do something about it.
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