1. Copyright 2014 © W. Seth Hunter ConsumerMath.org L2.3 The Cost of Gas I get paid weekly, but pay bills monthly. How can I be sure I am not going to run out of money when the bills are due. A cool ride is only cool when it is not being repossessed.

2. Copyright 2014 © W. Seth Hunter ConsumerMath.org L2.3 The Cost of Gas Lesson Objective: Students will calculate the cost of driving an automobile using fuel costs, distance, and MPG (miles per gallon).

3. Copyright 2014 © W. Seth Hunter ConsumerMath.org L2.3 The Cost of Gas Discussion What is the current cost of Gas? What types of MPGs do different types of cars get?

4. Copyright 2014 © W. Seth Hunter ConsumerMath.org L2.3 The Cost of Gas Discussion What is the current cost of Gas? What types of MPGs do different types of cars get? 2015- $2.763 per gallon (AAA National Average) Hummer H3 9-18 MPG Porsche 911 19-28 MPG Dodge Charger13-27 MPG Ford C-Max Hybrid37-42 MPG (Values taken from www.fueleconomy.gov)

5. Copyright 2014 © W. Seth Hunter ConsumerMath.org L2.3 The Cost of Gas Calculating the Weekly Cost of Gas Calculating your cost of gas is easy. You need to know: 1.The current price of gasoline. 2.Your car’s MPG. 3.How far it is to travel to work.

6. Copyright 2014 © W. Seth Hunter ConsumerMath.org L2.3 The Cost of Gas Calculating the Weekly Cost of Gas The equations you will use are: Gallons used = Miles Driven Miles Per Gallon and: Cost of Gas = Gallons Used x Price Per Gallon

7. Copyright 2014 © W. Seth Hunter ConsumerMath.org L2.3 The Cost of Gas Calculating the Weekly Cost of Gas If your car gets 28 MPG, you live 10 miles from work, and gas is $4.05 per gallon: Total miles driven per week: 20 miles round trip x 5 days a week = 100 miles driven

8. Copyright 2014 © W. Seth Hunter ConsumerMath.org L2.3 The Cost of Gas Calculating the Weekly Cost of Gas If your car gets 28 MPG, you live 10 miles from work, and gas is $4.05 per gallon: Gallons used = Miles Driven Miles Per Gallon

9. Copyright 2014 © W. Seth Hunter ConsumerMath.org L2.3 The Cost of Gas Calculating the Weekly Cost of Gas If your car gets 28 MPG, you live 10 miles from work, and gas is $4.05 per gallon: Gallons used = Miles Driven Miles Per Gallon Gallons used = 100 Miles 28 MPG

10. Copyright 2014 © W. Seth Hunter ConsumerMath.org L2.3 The Cost of Gas Calculating the Weekly Cost of Gas If your car gets 28 MPG, you live 10 miles from work, and gas is $4.05 per gallon: Gallons used = Miles Driven Miles Per Gallon Gallons used = 100 Miles 28 MPG Gallons used = 3.57 Gallons per week

11. Copyright 2014 © W. Seth Hunter ConsumerMath.org L2.3 The Cost of Gas Calculating the Weekly Cost of Gas If your car gets 28 MPG, you live 10 miles from work, and gas is $4.05 per gallon: Gallons used = 3.57 Gallons per week Cost of Gas = Gallons Used x Price Per Gallon

12. Copyright 2014 © W. Seth Hunter ConsumerMath.org L2.3 The Cost of Gas Calculating the Weekly Cost of Gas If your car gets 28 MPG, you live 10 miles from work, and gas is $4.05 per gallon: Gallons used = 3.57 Gallons per week Cost of Gas = Gallons Used x Price Per Gallon Cost of Gas = 3.57 Gallons x $4.05 Per Gallon

13. Copyright 2014 © W. Seth Hunter ConsumerMath.org L2.3 The Cost of Gas Calculating the Weekly Cost of Gas If your car gets 28 MPG, you live 10 miles from work, and gas is $4.05 per gallon: Gallons used = 3.57 Gallons per week Cost of Gas = Gallons Used x Price Per Gallon Cost of Gas = 3.57 Gallons x $4.05 Per Gallon Cost of Gas = $14.46 per week

14. Copyright 2014 © W. Seth Hunter ConsumerMath.org L2.3 The Cost of Gas 1.What does MPG stand for? 2.What is the equation for calculating your Weekly Cost of Gas ? 3.Calculate the weekly gas cost If your car gets 25 MPG, you live 5 miles from work and work 5 days a week, and gas is $2.03 per gallon. Review:

15. Copyright 2014 © W. Seth Hunter ConsumerMath.org L2.3 The Cost of Gas 1.What does MPG stand for? 2.What is the equation for calculating your Weekly Cost of Gas ? 3.Calculate the weekly gas cost If your car gets 25 MPG, you live 5 miles from work and work 5 days a week, and gas is $2.03 per gallon. Review: Miles Per Gallon? Cost of Gas = Gallons Used x Price Per Gallon $4.06