Friday, September 4, 2009

If I know x miles and the cost per litre of fuel, how can I work out how much it would cost to travel x mile?

How can I work out how much it would cost me to travel say 100 miles at a price of £1.16 per litre of fuel on an average car? Is there a formula I could use to work out other costs on varying distances eg. 145 miles or 193 miles?

Please help!


you need to know how many miles you get per liter. suppose it's 5 miles/ltr,

cost per mile = (£1.16/ltr)/(5 mi/ltr) = £0.232/mi

First divide the trip miles by the average miles per liter that you get on your car. This will give you the number of liters that you will use on your trip. Now multiply the number of liters used times the cost in pounds per liter. This will give you the total cost of your trip. You may use the following formula on any length trip at any fuel price per liter and at any average miles per liter that you get on a particular car.

Cost in pounds =[ (Miles traveled) / (miles / liter)] x [(pounds / liter)]

you would have to be given the informatio regarding how many miles the car travels per litre of fuel surely!

Then if ur car can travel 10 miles per litre you would divide the total journey by 10 ( miles per litre figure ) and then multiply the number of litres used by the cost per litre eg:-

total journey say is 100 miles and car can travel 10 miles on a litre divide total journey by miles per litre to give you the fuel you would use, 110/10 = 10 and then multiply the cost of fuel per litre

10 litres at £1.16 per litre = £11.60 (Now you can see why I failed Maths )

Firstly you need to know how many miles per gallon you get from your car, check your car manual/booklet.

Secondly, how much does it costs per gallon. There are 4.55 litres in a gallon, so one gallon would cost you (£1.16 x 4.55 litres) £5.28

Eg. If your car did say 50 miles to the gallon. For every mile travelled it would cost you (£5.28 divided by 50) £0.10 per mile

To calculate your cost you would take the total number of miles travelled and times it by £0.10p

Eg's

100 Miles would cost you £10.00 (100 x £0.10p)

193 Miles would cost you £19.30 (193 x £0/10p)

I hope this explanation helps.

Firstly find the fuel consumption of the"average" car then do your arithmetic - easypeasy...

Being uneducated in the field of economics I am trying to understand why Gordon Brown cannot instruct his chancellor to reduce the tax on a litre of petrol / diesel.

I understand that the government receives 75% duty from the price we pay at the pump (I appreciate the base rate of fuel is dictated by the external economy rather than British parliament).

So by my basic calculations when the price of diesel last year was 90p per litre the government would receive 67.5p in duty and 22.5p of our money would go towards the fuel itself.

As of May 28th 2008 the price of diesel is around 130p per litre, the government will receive 97.5p in duty and 32.5p of our money would go towards the fuel itself. If I haven’t miscalculated (I did only get a C in maths!) the increase in revenue from fuel duty is around 45%.

Can the chancellor not reduce the duty by approximately half and still receive the same amount, if not slightly more money, than they were receiving before the hike?

Am I looking at the scenario too simplistically? Have I miscalculated? Are my facts incorrect?

I am all too happy to be put right on the subject as I’m sure I’ve missed something glaringly obvious but on the face of things it appears our labour government is profiteering? Again.

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