24 July 2008

Cost of driving, per minute

Hi -

We're all fired up about $4/gal gas prices, and some of us may have an idea of how much this translates to in $/mile. But have you considered how much it's costing you per minute of car use?

Let's see. Assuming:

  • We're only talking about gas (not depreciation)
  • $/gal = $4.089/gal [1]
  • Fuel economy (name, city, hwy) = { {"Honda Accord 2002", 20, 28}, {"Toyota Prius 2008", 48, 45}, {"MINI Cooper automatic 2008", 26, 34}, {"Lamborghini Murcielago 2008", 8, 13}, {"Hummer H3 5 cyl automatic 2008", 14, 18} } [2]
  • What's "city", 35 miles/hour?
  • What's "highway", 55 miles/hour?
Then...

My 2002 Honda Accord costs me between 12 and 13 cents per minute while driving. [(4.089 * 35) / (20 * 60)]

The 2008 Toyota Prius, which is "The Most Efficient Overall" according to [2], is costing you a nickel per minute at city speeds and 8 cents/minute on the highway.

Meanwhile, the zippy MINI is around $0.10/minute, that guy with the freakish Hummer is spending around 20 cents per minute, and it looks like I need to keep my Lamborghini in the garage another summer because that would cost me about 30 cents/minute, which clearly I can't afford.

Sources
1. MSN Autos - Gas Prices near 02476 (July 24, 2008)
2. www.fueleconomy.gov



-g

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