The Money Friend
๐Ÿชž Reality Checks

Is the Cheaper Gas Worth the Drive?

The Costco gas line might be costing you money.

Adjust the sliders below. Defaults are set to US averages.

4 mi
0.5 mi20 mi
12 min
No wait30 min
$0.10/gal
$0.02$0.50
14 gal
8 gal (compact)30 gal (truck)
Adjust vehicle and driving details
28 mpg
12 (truck)55 (hybrid)
$3.50/gal
$2.50$6.00
30 mph
15 (city)60 (highway)
๐Ÿคท

Technically positive, but...

You save $0.90 net, but you spend 20 min doing it.

The Math

Savings at the pump+$1.40
14 gal x $0.10 savings
Extra gas burned on detour-$0.50
4 mi / 28 mpg = 0.14 gal x $3.50
Net savings+$0.90
Drive time (round trip)8 min
Wait time at pump12 min
Total time spent20 min

Your implied hourly rate for this errand

$3/hr

Below minimum wage. Your time is worth more than this.

Putting it in perspective:

  • โ›ฝAt $1.40 saved per fill-up, you'd need 52 fill-ups (358 to save $500/year)
  • โฐYou'll spend 17h 20m per year on this detour (weekly fill-ups)
  • ๐Ÿ’ฐAnnual net savings: $46.80 (saved)
  • ๐Ÿค”To make this trip worth $25/hr, you'd need to save $0.63/gal instead of $0.10

The Money Friend

Barely worth it

Net savings: $0.90 | Time: 20 min | Rate: $3/hr

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Not financial advice. See full disclaimer.