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Assuming that the average cost of gasoline over the next 10 years is $3.00 per gallon, what would your average fuel cost be each year
Assuming that the average cost of gasoline over the next 10 years is $3.00 per gallon, what would your average fuel cost be each year from owning a hybrid? (To calculate this, you need to divide your miles per year by the mile per gallon rating to calculate the number of gallons of gas you would use in a year. Then multiply this by the cost per gallon.) Please perform the same calculation for a traditional vehicle. Show your work!
Additional Information:
Miles per year:15,000
Miles per gallon rating:Car 1=53 mpg Car 2=29 mpg
Cost per gallon: $3.00
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