slowmachine
Well-Known Member
- First Name
- Mike
- Joined
- Jul 18, 2020
- Threads
- 39
- Messages
- 930
- Reaction score
- 1,971
- Location
- New Hampshire
- Vehicle(s)
- 2015 Jeep Wrangler, waiting for a Ranger PHEV
- Thread starter
- #1
Applying actual math to a frequent discussion/argument.
These numbers are based only on the difference in cost between Regular and Premium fuel. This has nothing at all to do with the total cost. This is meant to answer the question, "how much more?"
TL;DR - The endless argument, and volumes of anecdotal data, is over an amount that is unlikely to ever exceed $500 per year.
Data sourced from United States Energy Information Administration
https://www.eia.gov/dnav/pet/pet_pri_gnd_dcus_nus_w.htm
National Average Retail Cost (including taxes) week of July 19, 2021
Regular
Conventional $3.061
Reformulated $3.354
Premium
Conventional $3.443
Reformulated $3.815
Cost Difference
Conventional 3.443-3.061 = $0.382
Reformulated 3.815-3.354 = $0.461
Assume 15,000 miles per year:
@25 MPG = 600 gallons
Conventional $0.382 x 600 = $229.20
Reformulated $0.461 x 600 = $276.60
@20 MPG = 750 gallons
Conventional $0.382 x 750 = $286.50
Reformulated $0.461 x 750 = $345.75
@15 MPG = 1000 gallons
Conventional $0.382 x 1000 = $382.00
Reformulated $0.461 x 1000 = $461.00
BONUS MATERIAL - Historical price difference chart between Regular and Premium gasoline
These numbers are based only on the difference in cost between Regular and Premium fuel. This has nothing at all to do with the total cost. This is meant to answer the question, "how much more?"
TL;DR - The endless argument, and volumes of anecdotal data, is over an amount that is unlikely to ever exceed $500 per year.
Data sourced from United States Energy Information Administration
https://www.eia.gov/dnav/pet/pet_pri_gnd_dcus_nus_w.htm
National Average Retail Cost (including taxes) week of July 19, 2021
Regular
Conventional $3.061
Reformulated $3.354
Premium
Conventional $3.443
Reformulated $3.815
Cost Difference
Conventional 3.443-3.061 = $0.382
Reformulated 3.815-3.354 = $0.461
Assume 15,000 miles per year:
@25 MPG = 600 gallons
Conventional $0.382 x 600 = $229.20
Reformulated $0.461 x 600 = $276.60
@20 MPG = 750 gallons
Conventional $0.382 x 750 = $286.50
Reformulated $0.461 x 750 = $345.75
@15 MPG = 1000 gallons
Conventional $0.382 x 1000 = $382.00
Reformulated $0.461 x 1000 = $461.00
BONUS MATERIAL - Historical price difference chart between Regular and Premium gasoline
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