An average car uses about 600 gallons a year, over time. That’s per car, per person during an average year. So, with gas prices currently at $4 a gallon that’s $14400 dollars every single year. That’s a lot of gas! Knowing how much you spend on gas per month can drastically improve how much you spend and cut down on unnecessary costs.

The $14,400 a year is an average estimate. This means that on some months you may spend less or more on gas depending on your needs.

People ask us what is a person’s average monthly consumption of gas? Can you seriously calculate how much you spend in a month? Of course you can. Your gas consumption is determined by several factors including:

•The kind of car you drive (larger cars consume more gas, etc.), as well as your car’s condition and the number of cars you own.

•How often and how far you drive every day. Do you drive along the highway daily? Do you need to?

•Weather and other external factors

•The steps YOU take to conserve gas

•Mileage

So what? You say, I don’t spend that much on gas. Maybe you don’t know that you do. Maybe you’re so used to spending so much you don’t even think about it anymore.

Let’s say a tank holds 14 gallons, and that fits you for a week. So, on average, an American may spend around $55 a week on gas if he only uses one full tank. That’s $220 dollars a month. This doesn’t count extra expenses like sudden trips out of state, emergencies or anything else. This is if you spend for one full tank per week. That’s about $2640 spent on gas. But this is an amount calculated with one full gas tank a week. The normal American may spend as much as much as $3000 a month on gas alone. This is without factoring in any other extra living expenses.

Here’s where money saving and gas saving tips come in handy as well. If you know how much you spend on gas, you know how much you can afford to cut down on. There are a ton of different ways for you to save on gas and you can easily implement them in your home and life. Your spending will drastically go down if you follow our gas saving tips. Investing in a gas credit card is one other way to save money. You save 10 cents a gallon, which can lead up to hundreds of dollars in savings every year. You can also get cash backs which means that as you spend, you actually earn some of your money back.

Taking a few moments to calculate how much you spend on gas each year can mean the difference between huge savings and giant expenses. Take a little bit of time; calculate how much you pay for gas. You’ll be surprised and hopefully, you’ll take the steps needed to save hundreds of dollars on gas every single year.