For anyone who drives a vehicle every day, visiting the gas station to fill up is almost second nature. Going up to the pump, swiping your card or paying the cashier, inserting the nozzle, and squeezing the trigger is so commonplace to us that most of us don’t even bother to look at how much we spent that day. In fact, we definitely don’t take the time to see how much we’ve spent over the course of a month, much less a whole year.
In a recent post on the Quicken Loans Zing Blog, author Anthony Fontana took a look at how much we’re actually spending at the gas pump, breaking it down by cars, trucks and motorcycles. In the post, Fontana calculates how much an average person spends for each type of vehicle based on an estimated price of $3.85 per gallon.
For example, someone driving a vehicle with a 15-gallon tank is spending $57.75 every time they fill up. If that person has a commute that forces them to fill up once per week, then he or she is spending nearly $3,000 per year at the gas station – not including snacks, of course. Even more revealing was the annual fuel costs for a 25-gallon tank truck – over $5,000.
Obviously, these are just a couple of examples with specific parameters and each person or family’s fuel cost will be different due to various factors – vehicle size, vehicle fuel rating, commute distance and the current price of gasoline, among others.
To read the entire post from Fontana, including the estimated annual fuel cost of driving a motorcycle, check it out at the Quicken Loans Zing! blog: http://www.quickenloans.com.