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An Unpleasant Surprise:Your Annual Cost of Gas

How much do you spend on gas over a 12 month period? If you know, you are unusual. As the price of gas increases so has your yearly gasoline cost. Gasoline has become one of the major components of your family budget. In order to maintain a proper family budget you really need to know how much you are spending for gas during the year. Most drivers are familiar with the amount of money it costs to fill the car but few can state with certainty the total spent per year.

It is not hard to calculate and only takes a couple of minutes. Being fairly easy to do, one would think that all drivers would determine their annual expense. But most don't. If they did they might understand the importance making some changes to lower that total.

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 uses 15,000 miles as an average amount of miles traveled per vehicle when they calculate costs. If you on average travel 15,000 miles a year in a vehicle that runs at about 20 miles to the gallon, you will purchase around 750 gallons of gasoline per year. If the price is $3.00 per gallon that equals $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 the price of fuel goes up at the pump by 10 cents, the yearly increase for your two car household is $150.00. When the price of fuel jumps 20 cents in a single day, understand that it will increase the cost to you by about $300.00 per year.

When you consider the yearly cost of your gasoline it is staggering. When you consider that you may be spending $5200.00 per year just for gas it could well be time to seriously look at ways to lower that cost. As you figure out the 20 cent increase at the pump today will really cost $300.00 this year it becomes a great motivator to do something about it.

Article Source: http://www.articlemap.com

Scott Siegel is the author of a 143 page manual of industry insider secrets on saving gas and dollars at the pump (beatthegaspump.com). Visit us to learn how you can get better gas mileage. Find out how to increase gas mileage.
This and other unique content lower gas costs articles are available with free reprint rights.

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