How much will gas cost for my road trip?
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 trip. Then multiply that figure by the current price of gas, and the result is the estimated cost of gas for your road trip.
How do I figure out how much gas will cost?
First, divide the distance of the route by your miles per gallon figure to find out how many gallons of gas you will need. After that, multiply the number of gallons by the price of gas to calculate the gas cost for your journey.
How much does it cost in gas to drive 1000 miles?
Cost To Drive 1,000 Miles
| MPG | $2 per gallon | $4 per gallon |
|---|---|---|
| 1 MPG | $2,000.00 | $4,000.00 |
| 2 MPG | $1,000.00 | $2,000.00 |
| 3 MPG | $666.67 | $1,333.33 |
| 4 MPG | $500.00 | $1,000.00 |
Why $4 a gallon gas may be coming your way this summer?
Gas prices have risen about 35 cents a gallon on average over the last month, according to the AAA motor club, and could reach $4 a gallon in some states by summer. Oil prices fell by more than $50 a barrel in a single day last April, to less than zero.
What is oil prices right now?
Current Price
| Energy Prices | ||
|---|---|---|
| INDEX | PRICE | TIME(EDT) |
| WTI Crude | $71.81 | 4:59 PM |
| Brent Crude | $73.59 | 4:58 PM |
| Natural Gas | $3.67 | 4:59 PM |
Is it a good time to buy oil stocks?
But when oil is trading for less than the sum of those costs, at least some of those companies lose money. It’s generally better to buy oil stocks when oil prices are low and expected to rise rather than when they are already high. However, the price of oil affects different types of oil stocks in different ways.
Why is the oil price dropping?
Oil prices fell more than 7% on Thursday, recording their biggest one-day drop since September as traders weighed signs that demand in Europe could falter and data showing that crude remains plentiful. U.S. crude prices ended the day down 7.1% at $60 a barrel following their fifth consecutive daily decline.