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Petrol Cost Per Mile Formula:
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Petrol cost per mile is a calculation that determines how much money you spend on fuel for each mile you drive. This metric helps drivers understand their vehicle's fuel efficiency in monetary terms and is useful for budgeting and comparing different vehicles.
The calculator uses the simple formula:
Where:
Explanation: This calculation divides the cost of one gallon of fuel by how many miles that gallon will take you, giving you the cost per mile.
Details: Understanding your petrol cost per mile helps with budgeting for transportation expenses, comparing vehicle efficiency, making informed decisions about vehicle purchases, and planning for long trips.
Tips: Enter the current fuel price per gallon and your vehicle's MPG rating. Both values must be positive numbers. For accurate results, use your actual observed MPG rather than the manufacturer's estimated MPG.
Q1: How can I improve my MPG?
A: Maintain proper tire pressure, drive at steady speeds, avoid rapid acceleration and braking, reduce vehicle weight, and keep up with regular maintenance.
Q2: What's a good petrol cost per mile?
A: This varies based on fuel prices and vehicle efficiency. Generally, lower is better. Compare your result with similar vehicles to gauge efficiency.
Q3: Does this include other vehicle costs?
A: No, this calculation only considers fuel costs. Total cost per mile should include maintenance, insurance, depreciation, and other expenses.
Q4: How often should I calculate this?
A: Recalculate when fuel prices change significantly or if you notice changes in your vehicle's fuel efficiency.
Q5: Can I use this for electric vehicles?
A: This calculator is designed for petrol vehicles. Electric vehicles would require calculating cost per mile based on electricity rates and efficiency (miles per kWh).