you drive 12,000 miles per year and use 343 gallons of unleaded gasoline. What is your monthly cost of gasoline?
my answer: $478.49
How much are you paying per gallon of gasoline?
unleaded gasoline price is $1.395
$478.49 is the yearly cost.
What is the monthly cost?
To calculate your monthly cost of gasoline, we need to follow these steps:
1. Calculate your average monthly mileage: Divide the total annual mileage (12,000 miles) by the number of months in a year (12 months).
12,000 miles / 12 months = 1,000 miles per month.
2. Calculate your average monthly fuel consumption: Divide the total annual fuel consumption (343 gallons) by the number of months in a year (12 months).
343 gallons / 12 months = 28.58 gallons per month.
3. Determine the average cost per gallon of gasoline: This information is not provided in the question, so you need to look up the current price of unleaded gasoline. Let's assume the average price is $2.60 per gallon.
4. Calculate the monthly cost of gasoline: Multiply the average monthly fuel consumption (28.58 gallons) by the average price per gallon ($2.60).
28.58 gallons * $2.60/gallon = $74.33.
Therefore, the monthly cost of gasoline, based on the given information and assuming a fuel price of $2.60 per gallon, would be approximately $74.33.