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

As gasoline prices rise steadily in the United States and abroad, despite Monday’s weekly price decline in the United States, many drivers are learning how much it costs recently to fill their vehicles’ tanks.

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 global wave of 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, indicating an average retail price increase of $1.41 per gallon.

Let’s take a closer look at how soaring gasoline prices affect 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 extra hours of work per month to cover this 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, car insurance, and loss of value due to vehicle depreciation.

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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.

In summary: owners of less efficient vehicles 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 every month to run that 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. Drivers of hybrid cars are affected, with monthly gas costs for this group rising by nearly $40 per month, the research found. Even city dwellers without cars may see higher prices for goods as retailers and others pass on fuel costs and ride-sharing companies impose temporary surcharges.

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Calculating your additional costs

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

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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