Tuesday, May 20, 2008

What Does the Average Person Pay For Gas?

As a follow-up to yesterday's post about gas prices and the financial strain it is placing on our family, I wanted to offer some stats on avg driving costs.

The average vehicle gets 23 mpg combined fuel economy. 1
The average miles driven per week is 200. 2
The avg. unleaded regular gas price, over the past year, in the US, has been ~$3.60/gallon. 3

Therefore, the average cost of driving a personal vehicle in America is ~$31.30 per week. The average monthly cost is ~$134.00.

If gas prices were "normal" and we were not being gouged by the oil companies, the price would probably be around $2.30/gallon. Without being screwed, we would likely pay, on average, around $20.00 per week for regular unleaded gasoline. The monthly average would be ~$86.00.

That's $48.00 per month difference in what the average person pays to what he would pay if not for oil company greed. Folks, those numbers add up quick. The annual total difference is $576.00 -- and that's just for cars getting 23mpg and people who drive only 200 miles per week.

If you drive a 15mpg pick-up or SUV an avg. of 300 miles per week, your total added costs is $112.00 per month, or ~$1342.00 per year.

So, what is the answer?

  • Higher mpg?
  • Lower gas prices?
  • Drilling in ANWAR?
  • Tax cuts?
  • Penalties for the oil companies?
  • Human beings conserving?
Leave a comment with your thoughts!

1. http://www.southcarolinagasprices.com/Past_polls.aspx?poll_id=306
2. http://www.southcarolinagasprices.com/Past_polls.aspx?poll_id=351
3. http://www.southcarolinagasprices.com/