How to Estimate Oil & Gas for a Project

It's important to know how much gas will cost over a period of time. A car uses gasoline in a combustion reaction in its engine in order to move the vehicle. A car also uses oil to lubricate its components that rub against each other and create friction. You should change the oil in a car every 3,000 miles, but this varies from car to car. An estimate of the cost of these two commodities is an important factor in budgeting. Projects that require lots of traveling, such as business trips from city to city, require you to integrate gas and oil prices into your budget.

Instructions

    • 1

      Determine the amount of mileage that you will incur over a set period of time. For example, suppose you will drive your car 15,000 miles over a period of one year.

    • 2

      Find out the miles per gallon and the recommended oil change mileage for the vehicle. This information is included in the dealer's handbook provided at the time of purchase. You can also find it online (see Resources). Suppose a car gets 30 miles per gallon, and you must change the oil every 5,000 miles.

    • 3

      Divide the total mileage by the miles per gallon of the car. In this case, 15,000/30 = 500 gallons. Divide the total mileage by the recommended oil change mileage. In this case, 15,000/5,000 = 3 oil changes.

    • 4

      Multiply the number of gallons by the price of gas per gallon. For example, if gas is $3.50 per gallon, then 3.50*500 = $1,750. Multiply the number of oil changes by the price of an oil change. For example, if an oil change is $40, then 40*3 = $120.

    • 5

      Sum the total gas price with the total oil price to yield the total overall estimate. In this case, the overall estimate is 1,750+120 = $1870.

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