Study tries to assess average driver's fuel cost over a lifetime

  • 📰 therealautoblog
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

The site Go Banking Rates tries to assess average driver's fuel cost over a lifetime. The shocking finding is how much Wyoming residents drive every year.

The site Go Banking Rates attempted to figure out how much the average American driver spends on gas, per state, over the course of that driver's decades behind the wheel. Considering the methodology, it's probably best to look at this as a financial relationship between states regarding projected current outlay or how much drivers in each state drive on average. We've already got questions about what's happening in Wyoming.

Using easy numbers, say a driver does 12,000 miles per year in a particular state and gets 300 miles out of every tank, that's 40 full tanks every year. Say the tank size is 15 gallons, multiply that by 40 tanks, that's 600 gallons. If the average price of gas in this fictional state is $3 per gallon, that's $1,800 per year. Multiply 1,800 by 61 years of driving to get $109,800 over the course of this fictional driver's life.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 528. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines