Question

How much would you spend on gasoline each year if you drove 10,000 miles over the year and your vehicle achieves 15 miles per gallon with gasoline priced at $4.00 a gallon? Now substitute your vehicle for a hybrid-electric automobile that achieves 60 miles per gallon. Calculate the yearly cost for fuel with this vehicle.

Answer 1

Driving 10,000 miles at 15 miles per gallon would require 666.67 gallons of gasoline (10,000 divided by 15). At $4.00 per gallon, this would cost $2,666.68 per year.

Driving 10,000 miles at 60 miles per gallon would only require 166.67 gallons of gasoline (10,000 divided by 60). At $4.00 per gallon, this would only cost $666.68 per year with a hybrid-electric automobile.