How much does gasoline cost extra for each type of car? See how yours compares

With gas prices steadily rising across the country, many car owners wonder how much it will cost to fill up.

Gas prices across the country began to rise before Russia invaded Ukraine. But the escalation in the war pushed them even higher, and then came the sanctions against the Kremlin. As of March 17, the average price of a gallon of gasoline reached $4.29 nationwide, according to AAA. A year ago, the average was $2.89, an increase of $1.41 per gallon.

Let’s take a closer look at how soaring gasoline prices have hurt the average American’s wallet.

What will rising gas prices cost drivers?

A $1 increase in the price of a gallon of gasoline costs the average American driver an additional $56 per month, according to a Kelley Blue Book study using 5-year cost of ownership data. At the federal minimum wage ($7.25) unchanged since 2009, it would take 8 additional hours of work to cover the extra expense.

The research considers estimates of the total vehicle-related costs an owner pays over the first five years of vehicle ownership. This includes out-of-pocket expenses like fuel, auto insurance, and vehicle depreciation (loss of value).

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Looking at operating costs by vehicle segment and a car owner who drives 15,000 miles per year, the research shows average fuel costs per month, based on average fuel costs over the past five years (approx. $3 per gallon). Then Kelley Blue Book data analysts calculated the additional cost for every $1 increase in a gallon of gasoline.

The graph below also shows the additional monthly cost now that the price of gasoline, on average, is up nearly $1.50 from March 2021.

Ultimately, it’s the owners of less efficient vehicles who feel it the most.

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Which vehicles cost you the most to run

The driver of a full-size SUV pays about $110 more each month to operate the vehicle. A full-size pickup now costs $100 more a month to drive than it did a year ago.

The price increases affect almost all households. Drivers of subcompact and compact cars are paying $54 and $60 more per month, respectively, than they were a year ago. Even drivers of hybrid cars are affected, with monthly gas costs for this group rising by nearly $40 a month, the research found.

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Calculation of additional costs:

The table below assumes that the average driver drives 15,000 miles per year on their vehicle, of which 55% is at city speed and 45% at highway speed.

Check out the estimates below to see how your vehicle type compares.

Additional cost per month when gas price is:

Vehicle

Monthly gas cost at average price over 5 years

Up to $1/gallon

Up to $1.50/gallon

Hybrid/alternative energy car

$76

+$25

+$38

Subcompact car

$109

+$36

+$54

compact car

$123

+$40

+$60

Intermediate car

$129

+$43

+$64

Luxury Subcompact SUV/Crossover

$142

+$47

+$70

Minivan

$142

+$48

+$73

Subcompact SUV/Crossover

$143

+$48

+$71

Subcompact SUV/Crossover

$144

+$47

+$70

Entry-level luxury car

$147

+$48

+$72

From

$152

+$52

+$78

Sporty compact car

$155

+$50

+$76

Luxury car

$160

+$53

+$79

Sports car

$164

+$55

+$83

Luxury Compact SUV/Crossover

$164

+$54

+$80

full size car

$169

+$55

+$83

Luxury sports car

$171

+$57

+$86

Midsize SUV/Crossover

$176

+$58

+$86

High end luxury car

$181

+$60

+$90

Luxury Midsize SUV/Crossover

$184

+$61

+$92

Intermediate pickup

$191

+$62

+94$

High performance luxury car

$194

+$65

+$97

Full-size pickup truck

$206

+$67

+$100

High performance car

$225

+$70

+$111

Full-size SUV/Crossover

$227

+$74

+$111

Luxury full-size SUV/crossover

$228

+$75

+$112

National average

$164

+$56

$83

Source: Kelley’s Blue Book

This story originally took place on KBB.com.

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