About Annual Fuel Cost Calculator (Formula)
The Annual Fuel Cost Calculator uses the following formula to estimate the yearly expense of fuel for a vehicle:
Where:
- Annual Fuel Cost (C) represents the total cost of fuel for the specified yearly mileage.
- Yearly Mileage (M miles) is the total distance the vehicle is expected to travel in a year.
- MPG (Miles Per Gallon) denotes the efficiency of the vehicle in terms of miles driven per gallon of fuel consumed.
- Cost per gallon (g) refers to the price of one gallon of fuel.
This calculation provides an estimate of the yearly fuel expenditure for a vehicle, considering both the mileage and the fuel efficiency. It serves as a useful tool for budgeting and comparing fuel costs across different vehicles.