Auto Knight

Operating A New Car Increases To 54.1 Cents Per Mile

by Heather

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Back when I was learning how to drive a car, I remember my Grandpa preaching to me “Now just remember that it costs .25 cents for every mile you put on the car.”

That was back in the mid 1980’s when gas could still be found for under a dollar a gallon and you were only required to drive for 8 hours before getting a driver’s license.

Fast forward 22 years and Grandpa’s “quarter a mile” rule has been more than doubled to over .54 cents a mile. John Nielsen, director of AAA’s Approved Auto Repair network said “While the cost of some driving expenses declined since the start of 2007, higher gasoline prices have more than offset these savings and pushed the overall cost of vehicle ownership and operation higher this year.”

To get a copy of the “Your Driving Costs” brochure by AAA, please visit AAA Exchange.