What is the average cost per mile to drive a car in 2021?

What is the average cost per mile to drive a car in 2021?

Gas cost per mile: $100.73/867 = 11.62 cents. Now you can determine the driving costs of your vehicle. Just like with your gas/charging costs, you’ll need to keep track of the total miles driven as well as any cost associated with your car for one year.

What is cost of driving per mile?

Fuel costs an average of 10.72 cents a mile, though that expenditure varies widely based on the vehicle’s fuel efficiency. Electric vehicle owners pay an average of 3.66 cents a mile traveled, compared with 15.81 cents a mile for pickup truck owners. Maintenance and repair costs work out to 9.55 cents a mile.

What is the average annual cost for operating a car?

AAA has been tracking vehicle ownership costs for decades, and motorists are often surprised when they learn the full scope of the costs involved. In 2016, owning and operating an average sedan costs $8,558 per year, which is equal to $713 per month or 57 cents per mile.

What is the cost of wear and tear on a vehicle?

Wear and tear is also called cost of ownership and it is calculated by dividing the total cost of maintaining your car for a year by the number of miles driven per year. It gives an overall picture of driving a mile in your car.

How do you calculate driving costs?

Add up Your Trip Cost Take the mileage of the total distance of your trip and divide it by your miles per gallon to get the number of gallons of gas you will need on your journey. Then multiply that figure by the current gas price, and the result is the estimated cost of gas for your road trip.

How do I calculate my car cost per mile?

To calculate your cost per mile, simply divide your total expenses for the month by the total number of miles you have driven that month. For example, if your expenses totaled $3,000 and you drove 10,000 miles, your cost per mile is $0.30.