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- To calculate the cost per mile, you need to divide the total cost by the annual car mileage and multiply by 1001. For example, if you drove 31,307 miles and your total expenses were $52,440.37, your cost per mile would be $1.672. Another example is the USPS, which drives 1.2 billion miles every year, with annual costs totaling $82.2 billion3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Cost per mile (pence) = Total cost / Annual car mileage x 100www.theaa.com/driving-advice/driving-costs/runnin…For the simplest cost-per-mile calculation, you merely divide the total expenses from your profit and loss statement by the total number of miles you drove. You can see the Haulin Assets’ profit and loss statement in the show notes for episode 17 of the podcast. The math is simple: $52,440.37 / 31,307 miles, which equals $1.67 per mile.www.motorcarrierhq.com/tools/calculator-2/Calculating cost per mile becomes a simple equation once you know your mileage and total expenses. Divide your total expenses by the total number of miles driven, and the result is your cost per mile. For example, the USPS drives 1.2 billion miles every year, with annual costs totaling $82.2 billion.optimoroute.com/cost-per-mile/
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Study: These are the most expensive vehicles to drive per mile
WEBMay 3, 2024 · Porsche Taycan: $22.02/mi ($22,021 per 1,000 miles) Porsche Cayenne PHEV: $14.69; ... comprise most of the 15 cheapest vehicles to operate per mile. The …
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