Fuel Cost Calculator

Fuel Cost Calculator

This calculator can calculate gasoline costs based on the distance travelled, the car's fuel efficiency, and the price of petrol in different units.
Gas prices may fluctuate, but it is always a significant cost for most drivers. According to the American Automobile Association, the typical American motorist spends approximately $3,000 per year on petrol. The following are some practical methods to cut your gasoline expenses.

Take use of public transit

Walking or biking do not use any gasoline and therefore do not accrue any fuel costs. Buses, trains, and trolleys, as well as other public transportation alternatives to automobiles, are usually feasible choices for lowering fuel expenses. The gasoline costs of running public transportation are usually lower than the fuel expenses of each person driving their car due to the community character of ride-sharing. Public transportation is free in certain areas. When you consider the expenses of owning or renting a vehicle, it becomes even more appealing to utilize alternative means of transportation.

Carpool

Carpooling, often known as automobile sharing, is when two or more individuals agree to go to a common location in a single-vehicle. Even though a heavier vehicle uses somewhat more gasoline, it is generally far more economical than two individuals driving separate cars to the same location.

Use a car that is more fuel-efficient

Driving a smaller vehicle saves a lot of money on gas: a compact sedan costs roughly half as much as a big SUV. Similarly, use a less powerful engine than necessary. When four cylinders will suffice, don't pay for an eight-cylinder engine. Unless you often carry heavy loads, the additional expense of a larger engine translates to more money spent on fuel.

Adjust the engine's settings

A well-tuned engine increases power while also improving fuel economy significantly. However, tweaking a vehicle engine to boost horsepower is not the best method to save money on gas. Ensure that the tuner receives the message.
Fixing a vehicle that is out of tune or has failed an emissions test may increase gas economy by an average of 4% — the amount varies depending on the nature of the repair.
Fixing a major maintenance issue, such as a broken oxygen sensor, may increase your mileage by up to 40%.
While adding decorations and ground effects, aerodynamics kits, and air foils, such as deck- lid spoilers, may make you feel wonderful, they can increase drag and increase fuel consumption. Although they may look great on your vehicle, such additions provide no actual handling benefits. Place signage or goods on the roof in such a way that the item is angled forward. This will decrease the object's frontal area, resulting in reduced drag and less fuel consumption.

Tyres should be adjusted

Check to see whether the Tyres are properly inflated. Tyres that are properly inflated may save fuel consumption by up to 3%. Your Tyres will also lose approximately 1 PSI each month, and when the Tyres are cold (for example, in the winter), the pressure will drop owing to the air's thermal contraction. Tyres should be checked at least once a month, ideally once a week. Tyres that are properly inflated can also help you prevent uneven tread wear.
Gas stations don't always have the most up-to-date equipment for this. Automatic air compressors that stop at a predetermined level are sometimes used at petrol stations. Double- check pressure using your gauge to make sure you're at the correct pressure.
The recommended inflation pressures are for cold Tyres; if the Tyres have been driven on for a time, add approximately 3 PSI. Inflate to the vehicle manufacturer's suggested pressure, not the level marked on the tire.

Make sure you use the appropriate motor oil

If you use the manufacturer's suggested grade of motor oil, your gas economy will increase by 1% to 2%. Using 10W-30 motor oil in an engine intended for 5W-30, for example, may drastically decrease your gas economy. Using 5W-30 in an engine that was intended for 5W- 20 may reduce your gas mileage by 1% to 2. Also, check for an API performance mark that reads "Energy Conserving" to ensure that the motor oil includes friction-reducing additives.

Carefully plan your journey

Driving a shorter distance is the most apparent method to conserve gas. Make sure you thoroughly plan your journey. It's simple to create a straight route with the fewest pauses and detours using today's GPS route planners. It's also possible to figure out which route will have the least amount of traffic. When feasible, travel on highways rather than local roads or city streets; the constant pace improves fuel economy.
When driving in a city, attempt to park in a central area and then walk or use public transit from one appointment to the next. Driving in a city with a lot of stop-and-go traffic is bad for your gas economy. This also cuts down on the amount of petrol used while parking and exiting a parking lot.

Factors that influence the price of gasoline:

Intervention by the government

Governments may tax gasoline (known as fuel in certain areas of the globe) to interfere in the market, raising costs for customers both within and outside the governmental jurisdiction. Similarly, the government may provide financial assistance to specific sectors to encourage commercial business (a subsidy). Subsidized goods and services may usually be offered at a reduced cost.

Markets for financial instruments

The price of oil in the world is continuously fluctuating. Brent and West Texas Intermediate (WTI) is the main crudes priced at US$ per barrel. The retail price of gasoline is strongly linked to the change in global oil prices.

Political Factors

The cost of gasoline is influenced by political factors such as structure, regime, people, and events. For example, switching from a political leader who does not believe in climate change to one who does may make it less likely for consumers to be subsidized or have their fuel costs reduced. Countries' political ties are also a role; states may go to war over resources or establish trade alliances, both of which can influence gasoline prices.

Geographical location

Oil is abundant in certain geographical regions or nations throughout the globe, while it is scarce in others. Due to the ease of access, regional customers near a high oil supply are more likely to have cheaper gasoline prices. Fuel may be particularly costly in areas without their source of oil that is isolated from the rest of the world (such as islands in the Pacific).

Weather disasters or natural disasters

Earthquakes, tsunamis, hurricanes, severe floods, and other natural disasters may disrupt gasoline production, manufacturing, and logistics, thereby affecting fuel prices. For example, a blizzard may block some highways, preventing resource movement and pushing up gasoline prices in certain regions. Hurricanes and earthquakes may cause oil refineries to be damaged, stopping output and rising gasoline prices.