* Miles driven per month: The more you drive, the more gas you'll use.
* Fuel efficiency of the car: Cars get different miles per gallon (MPG). A fuel-efficient car will cost less to fill up than a gas guzzler.
* Price of gas: Gas prices fluctuate significantly by location and time of year.
To estimate your monthly gas cost, you need to know these three things:
1. Your average monthly mileage: Track your mileage for a few months to get an accurate average.
2. Your car's MPG: This information is usually found in your car's owner's manual or online.
3. The current price of gas in your area: Check local gas stations or use a gas price tracking website.
Then, use this formula:
(Monthly miles driven / MPG) * Price per gallon = Estimated monthly gas cost
For example:
If you drive 1000 miles per month, your car gets 25 MPG, and gas costs $3.50 per gallon:
(1000 miles / 25 MPG) * $3.50/gallon = $140 per month (approximately)
This is just an estimate. Your actual cost might vary slightly.
